Regulation

Russia will now be able to insure tankers via India

Four Russian marine insurers have been approved to offer ship insurance via India, especially for vessels carrying Russian oil, according to Bloomberg.
The license puts Russia in a stronger position to use its own insurance companies, making the country more independent of the will of Western companies. Stock photo. | Photo: Uncredited/AP/Ritzau Scanpix
The license puts Russia in a stronger position to use its own insurance companies, making the country more independent of the will of Western companies. Stock photo. | Photo: Uncredited/AP/Ritzau Scanpix
by METTE GRUBE CONDRUP

Russia is now increasing its independence from Western insurance providers that have largely dropped coverage for ships transporting Russian oil.

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