In Russia, they want to reduce insurance rates for most types of transportation.

In Russia, they want to reduce insurance rates for most types of transportation.

      The Bank of Russia has proposed reducing the lower limit of the tariff corridor for compulsory insurance of carriers' civil liability to passengers for intercity and suburban bus services by 30%. For charter and scheduled urban bus services it would be reduced by 20% and 10%, respectively. It is also proposed to reduce the lower tariff limit for suburban transport by sea and by rail by 40%. For helicopter, trolleybus, waterborne and long-distance rail transport it would be reduced by 30%. Tariff rates for other types of transport will remain unchanged.

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In Russia, they want to reduce insurance rates for most types of transportation.

The Bank of Russia announced a new initiative.