Skuld is getting rid of sanctioned Russian client Sovcomflot
Skuld is hard at work shutting down business with its large Russian client Sovcomflot, which has been hit by sanctions following Russia’s invasion of Ukraine. The maneuver also means that a Sovcomflot representative on Skuld’s board of directors will step down, ShippingWatch learns.
On account of the EU’s sanctions, marine insurer Skuld must bid farewell to major Russian client and tanker carrier Sovcomflot, which has around half its fleet of 100 ships insured by the Norwegian company.
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