Top
image credit: Unsplash

Grain Ships Sail From Ukraine Despite Moscow Exit From Deal; Insurance Cover Paused

October 31, 2022

Ships brought grain from Ukrainian ports on Monday, suggesting Moscow had stopped short of reimposing a blockade that might have caused world hunger, despite suspending its participation in a U.N. program to safely export grain from the war zone.

Air raid sirens blared across Ukraine and explosions rang out in Kyiv sending black smoke into the sky as Russia rained missiles down in renewed air attacks. Ukrainian officials said energy infrastructure was hit, knocking out power supplies. (Editor’s note: Ascot announced that insurance on shipments would be paused, according to a separate article from Reuters).

Read More on Insurance Journal