“For the last decades it has been the norm in the world to take out insurance in London from a company of the Lloyd's group.

But new times have come, here companies and countries are forced to change their behavior, ”the analyst said.

The expert recalled that in Russia there is the Russian National Reinsurance Company, which takes on insurance risks.

“Judging by the fact that deliveries to India have grown, the problems with insurance have more or less been resolved,” Mitrakhovich said.

In the event that Western countries finally stop cooperating in terms of providing insurance, Russia will look for alternative options in the face of Russian, Asian companies, the specialist added.

Earlier, during a press conference at the NATO summit in Madrid, Biden said that the United States would not insure Russian ships carrying oil.