Russia central bank increases capital of reinsurance firm specialising in sanctions risk

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FILE PHOTO: A Russian state flag flies over the Central Bank headquarters in Moscow

MOSCOW – Russia’s central bank on Thursday said it was increasing the capital of affiliated reinsurance firm AO RNPK, which specialises in providing protection against international sanctions, to 300 billion roubles ($3.08 billion) from 71 billion roubles.

($1 = 97.4990 roubles)

(Reporting by Reuters; Editing by Christopher Cushing)

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