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Central Bank of Russia reminded insurers how to work under conditions of bankruptcy moratorium

... exempt them from fulfilling their obligations to customers. The introduced norm means the impossibility of collecting debts by creditors both in the framework of judicial bankruptcy and enforcement proceedings, including issues of accruing penalties. The Central Bank of the Russian Federation has threatened insurers with the use of supervisory response measures in situations where they decide to violate the procedure for paying customers. Such behavior can be regarded as abuse and violation of consumers’ ...

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