Japan insurers to continue maritime war insurance in Russia

Underwriting capacity shrinks, but deal designed to keep LNG imports flowing

20221229N LNG

Japan's utilities rely heavily on LNG imports from the Sakhalin-2 project in the Russian Far East. © Reuters

MASAYUKI SHIKATA, Nikkei staff writer

TOKYO -- Japanese insurers will continue covering ships sailing through Russian waters against war damage in January and beyond, reversing an earlier decision to halt coverage, Nikkei learned Thursday.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.