by AIP Online Bureau | Jun 9, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management
Since 2023, Mumbai-based IRClass has de-classed 235 ships from its registry, mainly oil tankers and also a few gas carriers, the non-profit organisation’s Executive Chairman Arun Sharma said. LONDON:India’s ship safety certifier is taking a tougher stance...
by AIP Online Bureau | Apr 18, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Earlier, the US had granted an exemption from sanctions to India for buying Russian oil for a month beginning March 5. A few days later, a similar waiver was extended to several other countries, which ended on April 11. Washington:The United States has extended by a...
by AIP Online Bureau | Apr 16, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
On March 5, the US issued a 30-day sanctions waiver to India, permitting it to buy Russian oil despite sanctions imposed over the Ukraine war. “We will not be renewing the general license on Russian oil, and we will not be renewing the general license on Iranian oil....
by AIP Online Bureau | Nov 25, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management
That’s a shift from a few weeks ago — before the latest US curbs, which took effect on Friday — when lenders were wary of clearing payments for any Russian cargoes, citing difficulties in verifying the supply chain, the people said. Banks in India are now willing to...
by AIP Online Bureau | Oct 11, 2025 | Eco/Invest/Demography, Intermediaries, Policy, Risk Management
“The State Department imposed sanctions on approximately 40 entities, individuals and vessels to “deny the Iranian regime funds it uses to conduct its malign activity,” the department said in a press release on Thursday Washington: Eight Indian...
