Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc (SHEL.L) to carmaker Hyundai Motor Co (005380.KS) to PwC, a global professional services firm. The following is a look at how insurance and international arbitration might soften the blow to those companies, which stand to lose billions of dollars: DOES STANDARD INSURANCE PROVIDE COVERAGE? No, but companies can purchase political risk as an add-on to trade credit, property, and aviation insurance. It covers government seizures of property and forced abandonment, cancellations of government licenses for operations such as mines, and the inability to convert foreign currency. The insurance typically covers long-term energy or infrastructure projects, but can be purchased […]