Ukraine has reached a deal with global insurers to provide affordable cover to ships carrying grain and other critical food supplies from its Black Sea ports, even as its war with Russia wages on.
The new public-private partnership was announced on Wednesday by Kyiv and insurance broking giant Marsh McLennan, after talks revealed by the Financial Times in August.
It will offer up to $50mn each of hull and liability insurance from Lloyd’s of London firms for ships carrying agricultural commodities, providing so-called war risk cover in case of losses coming from the conflict.
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