Russia will ease the insurance of exports of mineral fertilizers

The State Duma adopted a bill allowing Russian insurance companies to enter into agreements with insurers from unfriendly countries in 2023 related to the export of mineral fertilizers.

Amendments have been made to the law, according to which Russian insurance companies are prohibited from entering into transactions with insurers, reinsurers and insurance brokers that are located in unfriendly states or controlled by them.

They will come into force on January 1, 2023, and will be valid for 12 months.

Source: Regnum