Beijing is preparing to unleash a $143 billion aid package for its chip industry, but it’s not clear how much impact this will have, given the mixed results from the tens of billions that China has already funneled into the sector.
If the big reinsurers do ultimately stop covering Russia and Ukraine marine business, shipowners might turn to insurance from Chinese or Turkish firms.
The ship’s arrival during northwest Europe’s first major cold snap this winter highlights the need for new gas supplies after Russia slashed deliveries in retaliation for the continent’s support for Ukraine.