financetom
Business
financetom
/
Business
/
Nord Stream insurers say policies did not cover war risks, Kommersant reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nord Stream insurers say policies did not cover war risks, Kommersant reports
Apr 18, 2024 12:17 AM

MOSCOW, April 18 (Reuters) - Insurance policies for the

Nord Stream gas pipelines damaged by blasts in 2022 did not

provide for coverage in the case of war, Kommersant daily

reported on Thursday, citing documents filed at London's High

Court.

Nord Stream is seeking more than 400 million euros ($427

million) from its insurers over the explosions which ruptured

pipelines designed to transport Russian gas to Germany. It named

Lloyd's Insurance Company and Arch Insurance (EU) DAC

as defendants in the suit.

Sweden - which in February dropped its investigation - and

Germany have both found traces of explosives relating to the

incident that ruptured the Nord Stream 1 and Nord Stream 2

pipelines, suggesting it was a deliberate act.

Kommersant daily, citing the court documents, said the

insurance did not cover damages directly or indirectly resulting

from war, military actions or detonation of explosives.

Gazprom, Nord Stream AG, Lloyd's and Arch did not

immediately reply to requests for comment.

Russia and the West, at loggerheads over Moscow's conflict

with Ukraine, have pointed fingers at one another. Each has

denied any involvement, and no one has taken responsibility.

($1 = 0.9359 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CareTrust REIT Buys 3 Senior Living Facilities in Southern California
CareTrust REIT Buys 3 Senior Living Facilities in Southern California
Apr 2, 2024
09:35 AM EDT, 04/02/2024 (MT Newswires) -- CareTrust REIT ( CTRE ) said Tuesday it has purchased three continuing-care retirement communities in southern California for a combined $60.3 million. The three properties are located in Los Angeles, Orange and San Diego counties. They include assisted living, skilled nursing, and memory care units for up to 475 patients and will be...
Visa Insider Sold Shares Worth $2,298,952, According to a Recent SEC Filing
Visa Insider Sold Shares Worth $2,298,952, According to a Recent SEC Filing
Apr 2, 2024
09:32 AM EDT, 04/02/2024 (MT Newswires) -- Ryan Mcinerney, Director, Chief Executive Officer, on April 01, 2024, sold 8,200 shares in Visa (V) for $2,298,952. Following the Form 4 filing with the SEC, Mcinerney has control over a total of 211,854 shares of the company, with 538 shares held directly and 211,316 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1403161/000112760224011652/xslF345X03/form4.xml Price: 277.94, Change:...
BYD hands back top EV seller title to Tesla after Q1 sales decline
BYD hands back top EV seller title to Tesla after Q1 sales decline
Apr 2, 2024
BEIJING, April 2 (Reuters) - BYD, China's biggest electric vehicle (EV) maker, reported first quarter 2024 sales fell 43% compared to the fourth quarter of 2023, handing back the title of world's biggest EV seller to Tesla after winning it last year. BYD sold 300,114 EVs in the first quarter of this year, it said in a filing to the...
Coroplast Group Partnering with OpenText to Meet Poland's E-Invoicing Mandates
Coroplast Group Partnering with OpenText to Meet Poland's E-Invoicing Mandates
Apr 2, 2024
09:40 AM EDT, 04/02/2024 (MT Newswires) -- OpenText (NASDAQ and TSX: OTEX), the information company, announced Tuesday that it has been selected by Coroplast Group, a manufacturer in the fields of Technical Adhesive Tapes, Wires & Cables, and Wire Harnesses, as its e-invoicing provider for Poland. According to a statement, OpenText's e-invoicing solutions will empower the growing global company to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved