by AIP Online Bureau | Aug 3, 2025 | Indian News, Non-Life, Policy, Reinsurance
India’s refiners have been singled out by the European Union and the US for supporting Moscow during its war in Ukraine with the oil purchases. It has become the world’s biggest buyer of Russian seaborne exports of crude, soaking up discounted barrels and ramping up...
by AIP Online Bureau | Jul 11, 2025 | Eco/Invest/Demography, International News, Policy
The Commission proposed lowering the Group of Seven (G7) nations’ price cap from $60 a barrel to $45 barrel in June in its 18th package of sanctions against Russia for its invasion of Ukraine. The G7 price cap, aimed at curbing Russia’s ability to finance the war in...
by AIP Online Bureau | Jun 12, 2025 | Eco/Invest/Demography, International News
The ruling relates to 147 planes and 16 engines that had insurance claims worth $4.5 billion attached. While it’s a victory for the lessors, the judge clarified what kind of insurance policies covered the losses, meaning not everything would be covered. Insurance...
by AIP Online Bureau | May 13, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance
With the granting of the permits to Sberbank Insurance, Ugoria Insurance Group and ASTK Insurance Company, India now recognizes eight Russian entities that are eligible to provide protection and indemnity (P&I) coverage for ships. New Delhi: India has approved...
by AIP Online Bureau | Apr 24, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Reinsurance
The move comes as growing scrutiny of Russia’s oil supply chain by Washington and the European Union, including compliance with a price cap set by G7 for the use of Western ships and insurance, makes it increasingly difficult for Moscow to export its oil.India...
