Insurance ban on Russian oil ships is unprecedented but risky, says expert

The European Union has hit ships carrying Russian oil with an insurance ban – a coordinated move, part of the new EU sanctions package, designed to affect Russia's ability to export crude and shut Moscow out of the Lloyd's of London insurance market. This could have much wider consequences for Russian exports and force it to turn to less developed markets for insurance. Thane Gustafson, an oil expert and professor of Russian politics at Georgetown University in Washington DC, tells CGTN that it's an unprecedented move. For more: https://www.cgtn.com/europe Social Media Twitter:   / cgtneurope   Facebook:   / cgtneuropeofficial   Instagram:   / cgtneurope   YouTube:    / cgtneurope   Flipboard: https://flipboard.com/@CGTNEurope Feedly: https://feedly.com/i/subscription/fee... OTT iPhone: https://apps.apple.com/us/app/id14668... Apple TV: https://www.cgtnnow.com/help/using-th... Android: https://play.google.com/store/apps/de... Android TV: https://play.google.com/store/apps/de... Roku: https://channelstore.roku.com/en-gb/d... Fire TV: https://www.amazon.com/gp/product/B07... Our Shows RAZOR:    / @razorscience   Podcasts: https://www.cgtn.com/special/CGTN-EUR... #CGTN #CGTNLIVE #CHINANEWS #EuropeNews