Russia Puts 165B Roubles Into Reinsurer
Russia will inject 165 billion roubles into its state-owned reinsurance company. The move aims to cover rising risks from Ukrainian attacks and sabotage. The firm now backs major economic sectors after foreign reinsurers exited.
Russia will inject 165 billion roubles ($1.96B) into its state-owned reinsurance company during September to counter rising sabotage risks. The central bank capital injection follows intensified drone strikes by Ukraine against energy and logistics infrastructure. The state reinsurer absorbs terrorism and sabotage risks after international firms exited the market following Western sanctions backed by the United States and European allies.
