Lloyd’s insurance platform will not insure grain deliveries from Ukrainian ports without the involvement of the United Nations (UN), according to information received from John Neil, Managing Director of Lloyd’s London. Neil also noted that the company is in active talks with the UN on insuring the supply of Ukrainian grain and that a change in the structure of the transaction may be required. writes about it Reuters.
Meanwhile, Beazley CEO Adrian Cox said the company provides insurance to ships in an alternative corridor created by Ukraine after Russia suspended the grain deal. This is done to ensure that the ships leave Ukraine.
Russia suspended its participation after almost a year-long grain deal, citing non-compliance with some agreements providing for easing restrictions on exports of agricultural products from Russia. The Russian Ministry of Defense said that it will consider all ships bound for or leaving Ukrainian ports as potential military cargo carriers. Russia leaves open the possibility of returning to the agreement if its conditions are met.
Previously Altar and Zelensky discussed unclogging the grain aisle.