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Ukraine and the Impact on Marine Insurance
Sunday 12 April 2015
Author: Russell Group
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The escalating crisis in the Ukraine could yet provide business interruption issues for the European Union, as according to the Telegraph, the European Union currently gets around a quarter of its gas supply from Russia, half of which is piped through Ukraine.  With the price of gas now rising by some 2.8%, the European Union may have to turn to alternative and more expensive supplies of gas to retain a sustainable supply.  Moreover, the threat of war has made markets nervous and threatens to undermine the recent economic growth.