BREAKING NEWS

British insurer cuts coverage to Russian ships

By JPOST.COM STAFF

JUNE 19, 2012 14:48

Brtish insurer Standard Club, in line with European Union sanctions, has ended coverage of a Russian cargo line conducting business with the Syrian government, the Daily Telegraph reported Tuesday. Among the newly-uninsured ships is MV Alaed, which added is hosting a large arsenal of weaponry purchased by the Syrian regime, including Mi25 helicopters.

"We were made aware of the allegations that the Alaed was carrying munitions destined for Syria," the Telegraph quoted Standard Club as saying. "We have already informed the ship owner that their insurance cover ceased automatically in view of the nature of the voyage."

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