India has granted a crucial one-month interim extension to four major Russian insurers, Soglasie, UGORIA, SBERBANK, and ASTK, allowing them to provide protection and indemnity (P&I) cover to ships at domestic ports until March 20, 2026. This extension is vital for ensuring the steady inflow of high-value cargo, particularly crude oil exports from Russia, while ensuring that maritime trade remains compliant with evolving international regulatory frameworks.