UK Insurer NorthStandard Covers Sanctioned Russian Gas Tankers, Revealing Sanctions Gap

NorthStandard, a major P&I insurer, is reportedly providing coverage to three LNG tankers owned by Greek company Dynagas, despite the UK sanctioning these vessels in October 2025 for their involvement in Russia's energy trade. This situation highlights a potential loophole in the sanctions regime as London prepares to ban companies from providing services related to Russian LNG cargoes, raising questions about enforcement and effectiveness.