Russia allows WTO insurers to operate in the country ...News

Russia Today - Economy
Russia allows WTO insurers to operate in the country
source : Russia Today ( News ) () 3
Russia has passed legislation enabling foreign insurance companies from the member states of the World Trade Organization (WTO) to create branches and carry out insurance business in the country. The new regulation will come into force on Sunday. To work in Russia, foreign insurers will have to provide proof of assets worth at least $5 billion and obtain permits from the Bank of Russia, which will supervise their operations in Russian territory. Also on rt.com Russia unveils plans to create offshore-like zone in the Kuril Islands The companies will be al

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