Monetary Value of Human Life in Russia

Russian daily Kommersant writes about the value of human life in Russia – this time not in numinous terms, but in rubles. Having reviewed government compensations and standard life insurance policies, Kommersant came to the conclusion that there is no widely accepted value: life of a person deceased in a psychiatric ward was estimated at 500.000…

Two Large Insurers Quitting the Russian Health Insurance Market

Slon.ru reports that Uralsib and Alliance, two major insurance companies, are looking to sell their health insurance businesses.  Slon.ru cites Russian business daily Vedomosti and its three sources from the companies’ top management. Allianz spent the last three months collecting bids for its Rosno-MS subsidiary. The value of Allianz’s health insurance business is estimated at…

Inflation of Fines in Russia

Russian news portal Slon.ru writes about the phenomenon of rising fines in Russia as one of the manifestations of the economic downturn. The imminent depletion of the national Reserve Fund and the rising budget deficits force the Government to look for additional sources of revenue. Taxes and duties are not the only way to extract…

Putin no Longer Among the Top Vodka Brands

Citing Kommersant, news portal Meduza.io reports that the sales of a popular Vodka brand “Putinka” fell by half in the last year. Accordingly, “Putinka’s” market share dropped from 2.74% in July 2015 to 1.36% in May 2016, and the brand slid from its 4th position to number 15 on the list of Russia’s most popular…