Government to create an insurance fund for Russian farmers

The State Duma Committee on Financial Market together with the Ministry of Agriculture proposed to adopt a system of double insurance for Russian farmers.

The State Duma Committee on Financial Market together with the Ministry of Agriculture proposed to adopt a system of double insurance for Russian farmers. It is planned to submit changes into the Agricultural Insurance Government Support and Agricultural Development Acts. Lawmakers propose to adopt government insurance support to agricultural producers, who suffered after flood and lost the crop. By the way, it is proposed to create a union of agricultural insurance carriers. 

Necessity to create a centralized agricultural insurance system became obvious after last year’s flood in Far East regions which led to huge crop and financial losses.

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30.01.2024
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