ROSNO might be sanctioned

7 December 2006 (11:30)

‘If ROSNO fails to comply with our requirements, this insurer is going to be sanctioned,’ Olga Tsarkova, Assistant to the Head of the Federal Insurance Surveillance Agency, said to UrBC representative.

The disagreement between ROSNO and UralTransBank has still not been settled; both companies claim that the other party does not meet its agreement liabilities. This quarrel has already become known to the public as the Association of Regional Russian Banks and the Federal Insurance Surveillance Agency got involved in the conflict; the latter considered the claim of UralTransBank and gave some orders to ROSNO. The inquiry into the case is still going on.

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