Putin pushes BRICS insurance challenge to Western shipping establishment

Splash 24715 Sep 2026AI generated

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Vladimir Putin has urged the world’s largest emerging economies to accelerate the creation of their own reinsurance mechanism, adding momentum to efforts that could eventually loosen the maritime industry’s century-long dependence on Western-centred insurance infrastructure. Speaking at the BRICS summit in New Delhi over the weekend, the Russian president called on members to develop their …

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