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India Expands Russian Insurers Amid U.S. Waiver Extension

4/21/2026

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Summary

Story summary

India increased the number of Russian insurers allowed to provide protection and indemnity cover for ships at its ports from eight to eleven.
The change follows a U.S. waiver permitting these transactions without penalties, and the U.S. Treasury extended it for two weeks.
Western insurers have largely avoided covering Russian shipments due to sanctions, while India is buying large volumes of Russian crude.

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Story summary

India increased the number of Russian insurers allowed to provide protection and indemnity cover for ships at its ports from eight to eleven.
The change follows a U.S. waiver permitting these transactions without penalties, and the U.S. Treasury extended it for two weeks.
Western insurers have largely avoided covering Russian shipments due to sanctions, while India is buying large volumes of Russian crude.