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Ukraine war

Japanese insurers to halt ship insurance for all of Russia

Lack of coverage for war damage could have impact on Japan's LNG imports

A ship carries liquefied natural gas from the Sakhalin-2 project in the Russian Far East.   © AP

TOKYO -- Three Japanese insurers will stop insuring ships for war damage in all Russian waters on Jan. 1, a decision that could affect Japan's energy imports, Nikkei has learned.

Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance started to inform shipowners of their decision Friday.

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