RUSSIA will continue to allow seaborne exports of grain from Ukraine in a move that marks a U-turn on threats to withdraw from the Black Sea Grain Initiative made over the weekend. With the matter now apparently resolved, Ascot will resume provision of cargo cover through the $50m facility it offers jointly with broker Marsh, the firm's class underwriter Chris McGill said in an email. The Lloyd's re/insurer paused issuing new policies on October 31, citing uncertainty over prospects for the scheme.
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