Insurance

India pushes for P&I club as it builds a shield for international sanctions

Feasibility study latest step in Indian insurance plan to avoid restrictions under the sanctions regime

Nirmala Sitharaman, India’s finance minister, said a domestic P&I club would limit the country’s exposure to Western sanctions.
Nirmala Sitharaman, India’s finance minister, said a domestic P&I club would limit the country’s exposure to Western sanctions.Photo: Bloomberg
TradeWinds correspondentLondon
Published 21 November 2024, 22:40Updated 22 November 2024, 13:12
IndiaChinaProtection and indemnityLockton