Russian Insurance Industry Non-Competitive

RosBusinessConsulting reports: Russian Prime Minister Mikhail Fradkov has expressed concern about the possible takeover of Russia’s insurance industry after its accession to the World Trade Organization (WTO). The PM pointed out that Russian insurance companies were could not compete equally with large international insurance companies. Therefore, Fradkov believes that the Russian market is facing the threat of having no Russian insurance companies on the domestic market when Russia joins the WTO.

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