Ukraine bans Russian reinsurance – reports
Russsian language website Kommersant has reported that the Ukrainian regulator, Gosfinuslug banned the reinsurance of risks in companies from non-WTO countries as Ukraine acceded to the WTO last Friday 16th May.
The report suggested that Russian reinsurers would lose approximately $60m in premium income because of the move.
Russia is not a WTO member, but Kommersant quoted Government sources as saying that
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