Britain sanctions New Zealand marine insurer Maritime Mutual over Russian oil trade
Britain sanctioned Maritime Mutual today for insuring tankers in the Russian oil trade. The move includes asset freezes as part of a new sanctions package.
The British government 
GB announced today, February 24, 2026, that it has imposed sanctions on Maritime Mutual, a marine insurance provider based in New Zealand 
NZ. The sanctions follow reports that the firm has underwritten vessels involved in the transportation of sanctioned oil from Russia 
RU and Iran 
IR. These measures, which consist of an asset freeze and the disqualification of directors, are specifically intended to disrupt financial services linked to the Russian energy sector and target the insurance support provided to the shadow fleet.
GB announced today, February 24, 2026, that it has imposed sanctions on Maritime Mutual, a marine insurance provider based in New Zealand NZ. The sanctions follow reports that the firm has underwritten vessels involved in the transportation of sanctioned oil from Russia RU and Iran IR. These measures, which consist of an asset freeze and the disqualification of directors, are specifically intended to disrupt financial services linked to the Russian energy sector and target the insurance support provided to the shadow fleet.
