This page collates updates, publications and other material relevant to the current crisis in Ukraine. The resource page will be updated with additional material as the situation changes. Members are advised to check for updates regularly.
If Members have any queries regarding the current situation, please get in touch with the Sanctions and Security Centre of Excellence below.
Due to the impact of losses from the Russian/Ukrainian situation affecting the availability of global insurance and reinsurance capacity, the Club's reinsurers are no longer able to secure reinsurance for war risk exposure to Russian, Ukrainian or Belarus territorial risks.
The EU, G7 and Australia (the “Price Cap Coalition”) has recently introduced legislation and guidance effective 5 December 2022 intended to maintain the supply of Russian oil to world markets whilst at the same time reducing Russia’s earnings from its oil exports (the “Price Cap Scheme”).