India Expands List of Russian Insurers Covering Oil Tankers

India expanded approvals for Russian marine insurers as it continues importing crude from Moscow amid sanctions and shipping constraints. Make us preferred on Google Share Facebook X (Twitter) LinkedIn Bluesky Email Copy Copied In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin and Indian Prime Minister Narendra Modi walk prior to an informal dinner at Modi's residence in New Delhi on December 4, 2025, the first day of the Russian leader's two-day state visit to India. (Photo by Alexander KAZAKOV / POOL / AFP) Content Share Facebook X (Twitter) LinkedIn Bluesky Email Copy Copied Flip Make us preferred on Google India has expanded the pool of Russian insurers eligible to provide marine insurance for ships docking at its ports, increasing the number to 11, India’s Directorate General of Shipping said, according to Reuters . The move supports continued imports of Russian crude by India, the world’s third‑largest oil importer, as Western sanctions have limited access to traditional European insurers for Russian cargoes. Follow our coverage of the war on the @Kyivpost_official . The expansion comes as the Trump administration renewed a temporary waiver allowing the purchase of Russian oil and petroleum products at sea for about one month, amid disruptions to global energy flows caused by the U.S .- Israeli war on Iran , which has kept the Strait of Hormuz closed. The license , issued late Friday, permits countries to purchase Russian oil loaded on vessels through May 16, renewing an earlier waiver that expired on April 11. India has approved Gazprom Insurance and Rosgosstrakh Insurance to provide protection and indemnity (P&I) coverage until February 19, 2027, while Balance Insurance is cleared to operate until August 19, 2026. Registrations for Soglasie Insurance, Sberbank Insurance, Ugoria Insurance Group, and ASTK Insurance were extended until February 20, 2027, Reuters reported. India has also allowed Dubai‑based Islamic Protection & Indemnity Club to provide marine cover through February 19, 2027. In addition, India recognized VSK Insurance, Sogaz Insurance, and Alfastrakhovanie until February 20, 2030, and Ingosstrakh Insurance until February 20, 2029, to provide P&I coverage. Other Topics of Interest Beauty Influencer Returns Fire, Hits Kremlin Propagandists for ‘Insulting Russian Women’ Monaco-based style and cosmetics businesswoman Viktoriya Bonya did not back down when Russian state media accused her of escorting Middle Eastern men for pay, and worse. Ukrainian President Volodymyr Zelensky warned on Sunday that continued sales of Russian oil directly finance Moscow’s war effort . “Every dollar for oil from Russia is money for war,” he wrote on Telegram . Veronika Sukhanych is a political analyst with a foundation in governance, legal research, and international policy. Kyiv-born and educated in comparative politics, her background includes research on global financial institutions, responsible AI governance, and security policy.