Bank of Russia to Recapitalize National Reinsurer RNPC by 165B Rubles

The Bank of Russia announced a 165 billion ruble capital increase for the Russian National Reinsurance Company (RNPC), with completion expected in September. This state-backed recapitalization bolsters Russia's domestic reinsurance capacity, likely in response to Western sanctions limiting access to international reinsurers. The move signals continued financial-system resilience measures amid ongoing sanctions pressure.