Central bank Russian Federation (Bank Russia) plans to change conditions on ISZh

Until the end of 2023 the regulator will submit the statutory act toughening conditions for domestic insurers at the conclusion of investment contracts to life. The department director reported insurance markets to journalists about it in a lobby of a forum of FINOPOLIS Central bank Russian Federation (Bank Russia) Smirnov Ilya the European countries in 2022 entered sanctions against the Russian NON-COMMERCIAL ORGANIZATION JOINT-STOCK COMPANY NRD. As a result money and securities of the Russian clients were blocked on NRD accounts in depositaries of Euroclear Holding SA/NV (it is regulated by Ministry finance of Great Duchy Luxembourg) and Clearstream Banking S. A (treasury Belgium). Also under...