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Financial Times: EU, UK impose insurance ban on Russian oil cargoes.

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Citing unnamed U.K. and European officials, Financial Times reported on May 31 that the two actors have agreed on a concerted ban on insuring ships transporting Russian oil, sharply restricting Russia’s ability to export crude oil. The ban is part of a new EU sanctions package aimed at Russian oil exports.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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Washington and Kyiv will invest $75 million each to kickstart the Ukraine reconstruction investment fund that gives the U.S. special access to mineral sites and other projects in Ukraine, the Economy Minister Oleksii Sobolev told journalists on Sept. 17.

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