Russian Insurers Seek Approval for Oil Tanker Coverage in India

Russian Insurers Seek Approval for Oil Tanker Coverage in India

A growing number of Russian insurance firms, some of which sanctioned by the U.S., have applied with India’s authorities to insure tankers shipping Russian crude oil to India, according to various sources familiar with the matter.  Sberbank Insurance, which is sanctioned by the U.S., is one of the companies applying for approval to cover oil tankers docking in India, Russia’s key crude customer alongside China, sources have told Bloomberg. Other…

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.

3 Russian Insurance Firms Await Indian Approval To Provide Cover For Oil Tankers

India has already approved five Russian insurers. In January this year, it gave clearance to Soglasie Insurane Co. Ltd.

Three more Russian insurers seek India OK to provide cover for oil tankers, sources say

Three more Russian insurers, including a subsidiary of top lender Sberbank, have asked India for approval to provide marine insurance for oil shipments sent to Indian ports, two sources with knowledge of the matter said, as Moscow looks to maintain deliveries despite Western sanctions. India has already approved five insurers from Russia, which has no insurance firms in the International Group of P&I Clubs, which provides liability cover for per…

More Russian Insurers Seek India's Approval to Provide Insurance for Oil Tankers

Three more Russian insurers, including a subsidiary of top lender Sberbank, have asked India for approval to provide marine insurance for oil shipments sent to Indian ports, two sources with knowledge of the matter said, as Moscow looks to maintain…

Three other Russian insurers, including a subsidiary of Sberbank, have submitted applications to the Indian government to offer sea transport insurance for oil transport in Indian ports. This is reported by the news agency Reuters. The aim is to maintain Russian oil deliveries despite the ongoing Western sanctions. The post Russian insurers press on Indian market first appeared on insurance industry today.