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Reuters
Reuters
Business
By Carolyn Cohn and Noor Zainab Hussain

Ukraine insurance costs surpass Iraq war levels, industry sources say

A view shows a residential building destroyed by a Russian drone strike, which local authorities consider to be Iranian-made Shahed-136 unmanned aerial vehicles (UAVs), amid Russia's attack on Ukraine, in Kyiv, Ukraine October 17, 2022. REUTERS/Roman Petushkov

Insurance for humanitarian workers, journalists, engineers and others heading to Ukraine is now more expensive and harder to organise than during the Iraq war.

While initially nervous about providing cover in the immediate aftermath of Russia's February invasion of Ukraine, which Moscow refers to a "special military operation", a few more insurers have become willing to do so in recent months, industry sources say, although it is costly.

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