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Ukraine urges European nations to help insurers exit Russia, Belarus

Posted On: May. 2, 2022 9:32 AM CST

Ukraine conflict

 

The National Bank of Ukraine has urged non-bank financial market regulators of Austria, Bulgaria, and Latvia to help insurers and other financial services providers exit Russia and Belarus, Verdict reported. The move will help reduce the reputational risks of insurers and other financial companies operating in the countries amid the aggression in Ukraine.