MOSCOW (Reuters) - Russian Finance Minister Anton Siluanov said on Tuesday that Russian lawmakers were discussing a new mechanism to bail out insurance companies.
“A draft law improving supervision on insurance companies, including a mechanism of their bailout, is being prepared by the state Duma,” Siluanov told a meeting with Prime Minister Dmitry Medvedev on Tuesday.
Russia’s central bank bailed out Otkritie bank and Rosgosstrakh, an insurance company connected to it, last year. There are a number of other big private insurance groups operating in Russia.
Reporting by Darya Korsunskaya; Writing by Katya Golubkova, editing by David Evans
Our Standards: The Thomson Reuters Trust Principles.