By Rory Jurman, Peter Lewis and Sarah Anderson (September 6, 2022, 6:56 PM EDT) -- Russia's invasion of Ukraine continues to create new implications for insurance companies. On March 14, President Vladimir Putin signed a law allowing Russia to place aircraft leased from foreign companies on Russia's aircraft register. The new law acts as a combative response to Western sanctions, allowing Russia to issue certificates of airworthiness for foreign planes. Russia stated that its new law aims "to ensure the uninterrupted functioning of activities in the field of civil aviation. Russell Group, an insurance analytics company, estimates 589 western-built aircraft are currently grounded...Stay ahead of the curveIn the legal profession, information is the key to success.

Source: The Times September 07, 2022 00:47 UTC