TOKYO (Reuters) - Japan's government may provide cover for tankers bringing in Iranian oil once a European Union ban on insurance takes effect in July, Japanese officials said on Wednesday.
Japan has been lobbying the EU to remain exempt from the ban on insurance and reinsurance of Iran's oil exports, which is part of a raft of Western sanctions aimed at shrinking Tehran's oil revenues to force it halt its controversial nuclear programme.
The officials said the Japanese government was considering asking parliament to enact a law that would enable it to provide the necessary insurance cover.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
