The United Kingdom and the European Union agree to implement a ban on insuring Russian oil tankers, which will be phased in beginning in 6 months. This will effectively render the vast majority of oil tankers uninsurable as most institutions conducting insurance are located in Western Europe.
The United Kingdom and the European Union agree to institute a ban on insuring Russian oil tankers, to be phased in in 6 months, effectively rendering the vast majority of them uninsurable as most institutions conducting such business are in Western Europe.
The United Kingdom and the European Union agree to implement a ban on insuring Russian oil tankers, whichwillbe phased in beginningin6 months.Thiswilleffectively render the vast majority of oiltankers uninsurable as most institutions conducting insurance arelocated in Western Europe.