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International

Oil producer buys Russian insurer

April 24, 2023 Reprints

Russian oil producer PJSC Lukoil Oil Co. has purchased Russia-based insurer Gardia to help create additional insurance capacity and portfolio diversification, Reuters reported. American International Group Inc. sold Gardia to local investors last year as many Western countries pulled out of Russia after it invaded Ukraine.

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Oil producer buys Russian insurer

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