Revisiting Insurance Component of Russia’s Foreign Trade Logistics

Andrej Moiseevich Golubchik and Egor Vadimovich Pak
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Andrej Moiseevich Golubchik: Moscow State Institute of International Relations (MGIMO University), Moscow, Russia
Egor Vadimovich Pak: Moscow State Institute of International Relations (MGIMO University), Moscow, Russia

Russian Foreign Economic Journal, 2025, issue 4, 43-52

Abstract: As of today, increasing Russia-China trade turnover logically leads to greater logistics needs. With Western sanctions against Russia still in place, the logistics of such trade is under the constant pressure, for instance, secondary sanctions. Thus, in terms of insurance as well as reinsurance there is a turn for Russian clients from Western sources (i.e. P&I Clubs) to that of ‘friendly states, i.e. China. However, few Russian insurance are aware of the related peculiarities when addressing the insurers from China. As such the paper points out key insurance practices of Chinese companies when rendering services in carrier’s/freight-forwarder’s liability insurance as well as goods insurance. Being in this vein, a case of general average with Flying Fish 1 is put to the front to show the complexity of Russia’s consignees dealing with Chinese insurers. The authors end up with their own conclusions on this conundrum.

Keywords: Russia’s foreign trade; logistics of Russia’s foreign trade; foreign trade insurance; China; international shipping; general average (search for similar items in EconPapers)
JEL-codes: G22 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2025_04_43-52

DOI: 10.24412/2072-8042-2025-4-43-52

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