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Three Japanese insurance coverage corporations will cease insuring ships for harm in all Russian waters because of the battle in Ukraine, probably affecting Japan’s vitality imports resembling liquefied pure gasoline (LNG), the Nikkei newspaper stated Saturday.
Tokio Marine & Nichido Fireplace Insurance coverage, Sompo Japan Insurance coverage and Mitsui Sumitomo Insurance coverage began notifying shipowners about their resolution on Friday, the enterprise every day reported.
Calls to the three corporations to hunt remark went unanswered on Saturday.
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