Ukraine’s waters in the Black and Azov Seas have been identified by insurers as zones of military risks, terrorism and piracy

Classifying regions as risk zones means that their owners are required to inform policyholders about flights.

The waters of Ukraine in the Black Sea and Azov Seas are included in the list of zones of military risks, terrorism, and piracy. This decision was taken by the London Joint Military Committee for Insurance of Maritime War Risks.

It is noted that no incidents on the listed insurance risks were recorded. However, given the factor of military tension in the region, i is impossible to give accurate forecasts, and such a decision is a preventive measure.

The rating is the subject of individual negotiations between underwriters (specialists who carry out independent risk assessment) and brokers.

It is also reported that these areas (areas considered to be at high risk) were last considered by the Committee in September 2020.

Classifying regions as risk zones means that their owners are required to inform policyholders about flights.

Recall that earlier Russia announced the closure of navigation zones in the international waters of the Black and Azov Seas for military exercises, but de facto staged a naval blockade of the region.

Water areas closed by Russia
Map of territorial waters and economic zones of the region

On February 15, the Ministry of Infrastructure announced that Ukraine had identified a corridor for the safe entry of merchant ships into Ukrainian ports, the depth was confirmed at 15-22.5 meters.

Despite this, some ships, including Ukrainian ones, ignored (are ignoring) information about the blockade, and also, at their own peril and risk, went (are going now) along previously adopted routes.

At the same time, Andriy Klymenko, project manager at the Institute for Black Sea Strategic Studies, a monitoring group on Crimean sanctions and freedom of navigation, warned that Russia’s blockade of Ukraine’s seaports remains, the new shipping corridor has only partly removed the problems.

As you know, due to the tense situation on the Russian-Ukrainian border, the timing, methods, and goals of Russia’s military operation against Ukraine are being actively discussed. For the first time in the history of mankind, a full-scale war can unfold on the territory of a country full of nuclear, chemical, and oil and gas facilities. What consequences military operations may have for Ukraine, Europe, and the world – read in Dmitry Mendeleev’s article “War in a “mined” country…”.

Graduate from India. Trying to understand Indian Politics. Writing about Technology, Education, Brands, Business, and much more. Editor at MegaloPreneur

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