India widens Russian insurance list amid war
India, April 21 -- India allowed more Russian insurers to give cover for vessels calling at its ports, while extending permits for others, as the closure of the Strait of Hormuz hits energy shipments from Gulf.
Some 11 Russian insurers that are not members of so-called P&I Clubs are now allowed to provide the services, up from eight last month, as per a listing on the Directorate General of Shipping's website.
India is leaning more heavily on flows from Moscow as the West Asia war chokes cargoes through Hormuz. Traffic through Hormuz remains at a near-total halt. Most Russian shipments to Indian refiners are routed via the Red Sea.
Last week, the US Treasury Department extended a waiver allowing foreign buyers to take Russian crude loaded o...
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