Bank of Russia increases authorised capital of JSC RNRC to 300 billion rubles

RNRC top priority is to provide insurance coverage to companies facing the international sanctions. The increase in RNRC authorised capital will give Russian insurers wider opportunities to reinsure risks inside Russia, build additional reinsurance capacities, and manage new sanctions risks.
A draft law expanding the mandatory portion of reinsurance in RNRC business is expected to be shortly submitted to the State Duma for consideration.