NZ raids shipping insurer over alleged sanctions busting

Legit | 29-10-2025 02:25pm |

New Zealand police raided a shipping insurer's offices over allegations it offered cover to tankers breaking Russian sanctions, a senior detective said Wednesday. Reuters said this week that the New Zealand insurer had helped tankers carrying Russian and Iranian oil to avoid Western sanctions by providing them with insurance.

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.