Monrovia has blocked Liberian-flagged vessels from being insured by Russia’s Ingosstrakh following significant pressure from Western countries, the Maritime Executive reports. The Liberian flag is a popular choice for ships in Russia’s so-called ‘shadow fleet,’ a group of vessels used to transport Russian oil despite a wide-ranging sanctions imposed by G7 nations. The decision to block the Russian insurer follows the UK’s latest package of measures designed to crack down on the shadow fleet, which specifically included Ingosstrakh, along with a number of vessels. Liberia’s refusal to authorise…
