By Veronika Bondarenko The brewing Ukraine-Russia conflict can prove very costly for the airline industry. Days after U.S. and Canada ordered most diplomats out of Ukraine amid heightened risk of Russian invasion, insurance companies also started pulling the plug and refusing to cover Ukrainian airspace. On Monday, Ukraine International Airlines told local news outlets that it received “an official notification from insurance companies to terminate the insurance of aircraft for flights in the airspace of Ukraine” over concerns of imminent invasion from Russia. While Ukraine has been in a semi-…