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Ukraines joining of WTO to shake up insurance market, aide says
Journal Staff Report

KIEV, May 15 Ukraines joining of the World Trade Organization on Friday may shake up the countrys insurance companies as none of them will be able to sign re-insurance deals with Russia, a regulator said.

Russia is the second largest re-insurer of risks for Ukrainian companies accounting for a 20% market share among non-residents, indicating that some Ukrainian companies may face pressure to continue the practice.




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