RUSSIA ANALYSIS
May 1st, 2005
BY MARK ROWELEADING insurance associations have welcomed a recent agreement between the European Union (EU) and Russia that will liberalise the Russian insurance industry. At a summit in Moscow involving Russian President Vladimir Putin and European Commission President José Manuel Barroso, the EU and Russia struck a detailed cooperation agreement on a range of economic and trade issues. One of these was financial services, with insurance explicitly mentioned. Furthermore, a side deal was struck, that raises the cap of foreign ownership of a Russian insurance ...
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