Three more Russian insurers seek India OK to provide cover for oil tankers, sources say

Three more Russian insurers, including a subsidiary of top lender Sberbank, have asked India for approval to provide marine insurance for oil shipments sent to Indian ports, two sources with knowledge of the matter told Reuters, as Moscow looks to maintain deliveries despite Western sanctions.

Why it matters

The move comes as growing scrutiny of Russia’s oil supply chain by Washington and the European Union makes it increasingly difficult for Moscow to export its oil.