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Lloyd's of London continues supporting sanctions against Russia — statement

The company said they are ready to promptly respond to any changes in sanction laws

LONDON, June 1. /TASS/. Lloyd's of London will continue supporting international sanctions against Russia, Lloyd's said in a statement sent to TASS, responding to the request for a comment on the agreed ban for insurance of vessels with Russian oil.

"Lloyd’s supports and remains focused on the delivery of a global sanctions regime against the Russian state," the company said. "We are working closely with UK and international regulators and governments to implement the sanctions," Lloyd’s added.

The company said they are ready to promptly respond to any changes in sanction laws.

Financial Times reported earlier, citing EU and UK officials, that London and Brussels agreed to introduce a coordinated ban on insuring vessels carrying Russian oil. It was noted that Russia will lose access to Lloyd's of London as a result of such step.