The cargo insurance policy that provided insurance for the supply of Ukrainian grain through a safe sea corridor has been suspended after Russia withdrew from the grain deal.
Source. This was reported by the largest insurance broker Marsh.
The insurance of marine cargo and military operations provided coverage of up to $50 million per cargo and was provided by Ascot.
The British insurance company Ascot, a member of the Lloyd's of London insurance market, had already stopped insuring cargo exported from Ukraine via the grain corridor last October after the Russian Defense Ministry announced on October 29 that the Russian side was suspending its participation in the implementation of agreements on the export of agricultural products from Ukrainian ports.
The day before, Ukrainian President Volodymyr Zelenskyy said he had sent letters to Turkey and the UN with proposals to conclude a new grain agreement and export grain without Russia's participation.
Read more about this in Mind's article "The grain deal is officially over. All the participants are diametrically opposed to it, but each has its own interests in its continuation. What will happen next?"