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Due to the SANCTIONS Russia now needs to find new markets to sell its OIL & NATURAL GAS into. All Shipping Requires INSURANCE and 90% of Global Shipping Insurance is provided by Insurance Companies based in EUROPE & USA. It has now emerged that RUSSIA is SELF INSURING all of these SHIPPING DELIEVRIES. This means that Russia will have to pay the full cost of any OIL DISASTERS. In this video I provide full details of this issue, look at what an OIL DISASTERS involves and discuss the RISKS ON THE GLOBAL ECONOMY of this Very Risky Decision.
For specific details please check out the CHAPTER list below.
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3:30 SHIPPING CERTIFICATION
7:01 INSURANCE REQUIREMENTS
11:26 RUSSIAN INSURANCE
13:04 EXXON VALDEZ
14:54 SUMMARY & CONCLUSION