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IndiaExtends Russian Marine Insurers' Port Coverage for One Month

Bloomberg Markets •
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India granted Russian insurers one additional month to cover tankers docking at its ports. The extension, announced by the government, allows four Russian insurers to continue insuring vessels transporting crude oil.

This move sustains India's vital crude imports amid ongoing US pressure to halt purchases from Moscow. The temporary permit extension provides immediate operational continuity for shipping companies relying on these insurers. India's need to secure crude supplies remains paramount, despite diplomatic tensions. The government seeks to balance energy security with international relations.