Bank of Russia proposes to cut insurance rates for most transport services
20 November 2025
News
The Bank of Russia proposes to reduce the lower bound of the range of insurance rates for compulsory insurance of carriers’ third party liability for damage to passengers (CICL) by 30% for intercity and suburban bus services, and by 20% and 10% for charter and regular urban bus services, respectively.
The draft ordinance also provides for a decrease in the lower rate level by 40% for sea transport and suburban rail services, and by 30% for helicopter, trolleybus, water transport, and long-distance rail services.
The rates for all other transport services remain unchanged.
The regulator’s proposals are based on the results of its monitoring of CICL rates.
Preview photo: Hodim / Shutterstock / Fotodom