Danwatch had revealed Ingosstrakh’s role in insuring tankers carrying oil from Russia’s Baltic ports
A Russian insurer placed under US and UK sanctions after it was revealed to be covering ships in Moscow’s “shadow fleet” of oil tankers is threatening to sue a Danish publication that played a critical role in reporting on it. Ingosstrakh, a Moscow-based insurer, has issued a “pre-action letter” to Danwatch, a Danish investigative outlet that has worked closely with the Financial Times.
Western insurers are not allowed to cover tankers engaged in trades in breach of the price cap. Ingosstrakh has stated that it refused to cover such vessels, highlighting a clause in its coverage stating that any covered ship operating in breach of western measures such as the price cap would have its policy cancelled. The FT and Danwatch reported that this clause created an environmental risk, since the insurer was covering shadow fleet vessels.
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