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Revisiting Insurance Component of Russia’s Foreign Trade Logistics

Author

Listed:
  • 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)

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.

Suggested Citation

  • Andrej Moiseevich GOLUBCHIK & Egor Vadimovich PAK, 2025. "Revisiting Insurance Component of Russia’s Foreign Trade Logistics," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 4, pages 43-52, March.
    • Handle: RePEc:alq:rufejo:rfej_2025_04_43-52
    DOI: 10.24412/2072-8042-2025-4-43-52
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    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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