24-04-2025
More Russian Insurers Seek Indian Nod for Oil Tanker Coverage
Four new Russian companies have sought India's approval to provide insurance for crude oil tankers docking at ports in the South Asian nation, according to people familiar with the matter.
India's shipping ministry is considering applications from Sberbank Insurance, which is sanctioned by the US, as well as from Balance Insurance , Ugoria Insurance and ASTK, said the people, who asked not to be named discussing sensitive issues. The firms aim to provide protection and indemnity coverage to Russian oil tankers, they said.
