Lloyd’s says it’s working with regulators to implement Russia sanctions

(Reuters) — Lloyd’s of London, the world’s oldest insurance market, said Wednesday that it was working closely with British and international governments and regulators to implement global sanctions against Russia.

“Lloyd’s supports and remains focused on the delivery of a global sanctions regime against the Russian state,” Lloyd’s said.

The Financial Times reported late Tuesday that Britain and the European Union had agreed to a coordinated ban on insuring ships carrying Russian oil to shut Moscow out of the Lloyd’s insurance market.