ANNOUNCEMENT 12 Nov 2013In November 2013, the government of the Russian Federation announced a change in private-sector financial support.
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The National Union of Agricultural Insurers (according to Rossiyskaya Gazeta, an official newspaper of the Russian Government, Issue 6230 of 12 November 2013) has developed new state-supported insurance products for the Russian agricultural producers. This state measure is in line with the statement of the Russian President, Mr. Vladimir Putin (according to Rossiyskaya Gazeta, Issue 6187 of 20 September 2013), that agro producers must be backed up with stable guarantees and compensated in case of crop loss and other incurred risks.