Russian assets confiscated in the United States will be compensated for by American assets located in Russia

Learn more

Garant – Free Online Demo

Legal information system for your company.
Simply click on the button «Start working» and the system Legislation of Russia in English will be available for unlimited time.

News

12.09.2023
BANK OF RUSSIA HAS SIGNIFICANTLY INCREASED INSURANCE RATES FOR COMPULSORY MOTOR THIRD PARTY LIABILITY INSURANCE FOR FREIGHT TRANSPORT FROM UNFRIENDLY COUNTRIES

From September 12, the territorial coefficient of the insurance tariff for compulsory motor third party liability (CMTPL) insurance in relation to vehicles of legal entities or individuals that are registered in unfriendly states and are temporarily used in Russia will increase from the current 1.7 to 30. Thus, the cost of an CMTPL policy for owners of such vehicles will increase by more than 17 times. The exception will be motorcycles, mopeds and light quadricycles, as well as cars of individuals. The value of the coefficient (1.7) will not change for them.

Archive

Contact Us

Leave us a message