Russia: Limited quota in foreign ownership in insurance companies

Fri, 17/04/2015

Foreign investors will soon have limited possibilities to purchase stake in Russia's insurance companies. The Central Bank of Russia has announced that the total foreign share in capital charter of insurance companies of the Russian Federation reached 15.4% out of the permitted 50% as of 1 January 2015 and the available quota of foreign participation in Russian insurers was set at 34.6%.

Contact:
Yuliya Shibukova
Relationship Manager, Global Securities Services Russia
Tel. +7 495 258-7258, ext.3455
Yuliya.Shibukova@unicredit.ru