https://sputniknews.in/20250706/russia-proposed-mechanisms-for-creating-brics-reinsurance-company---finance-minister-9406819.html
Russia Proposed Mechanisms for Creating BRICS Reinsurance Company - Finance Minister
Russia Proposed Mechanisms for Creating BRICS Reinsurance Company - Finance Minister
Sputnik India
Russia has already proposed specific mechanisms for creating a BRICS reinsurance company and proposes to create it as an organization with real authorized... 06.07.2025, Sputnik India
2025-07-06T11:27+0530
2025-07-06T11:27+0530
2025-07-06T11:27+0530
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"We have already proposed specific mechanisms for creating a reinsurance company, similar to the New Development Bank, an international organization, because we believe that the insurance capacity of BRICS member countries is insufficient. And the main insurance companies are Western companies. Although the volume of transportation, the volume of trade between our countries is growing every year," Siluanov told reporters following the Annual Meeting of the NDB Board of Governors and the meeting of BRICS finance ministers and central bank governors."We propose creating such a company as an international company with the corresponding real authorized capital, in which interested countries would participate," he added.
https://sputniknews.in/20250705/brics-states-to-discuss-russias-proposals-on-reinsurance-payment-settlements--minister-9404016.html
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russia, brics, india, brics pay, china, brazil, south africa
Russia Proposed Mechanisms for Creating BRICS Reinsurance Company - Finance Minister
Russia has already proposed specific mechanisms for creating a BRICS reinsurance company and proposes to create it as an organization with real authorized capital, Russian Finance Minister Anton Siluanov said.
"We have already proposed specific mechanisms for creating a reinsurance company, similar to the New Development Bank, an international organization, because we believe that the insurance capacity of BRICS member countries is insufficient. And the main insurance companies are Western companies. Although the volume of transportation, the volume of trade between our countries is growing every year," Siluanov told reporters following the Annual Meeting of the NDB Board of Governors and the meeting of BRICS finance ministers and central bank governors.
"We propose creating such a company as an international company with the corresponding real authorized capital, in which interested countries would participate," he added.
