www.economica.net/exclusiv-inca-un-motiv-sa-se-scu

The rising insurance costs for maritime transport in the Black Sea, driven by increased war risks, are contributing to higher prices for imported goods in Romania. The CPCU Society explains that the insurance premiums for ships and cargo have surged significantly due to the ongoing conflict in Ukraine, making the Black Sea one of the most dangerous maritime routes. This increase in insurance costs directly affects the final prices of products, including fuel, as these costs are passed on to consumers. The war risk component has seen a staggering rise, with some reports indicating increases of up to 900% in just weeks. As a result, the overall transportation costs are expected to rise, impacting the prices at the pump and other imported goods.