BRICS countries want to create reinsurance firm

11/12/2013 | Economic Times (India), The

Brazil, Russia, India, China and South Africa are working together to create a BRICS reinsurance company. The firm would insure large infrastructure companies and render ineffective economic sanctions imposed by Western nations on countries such as Iran. Oil from Iran is a crucial source of energy for other countries, including India.

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Economic Times (India), The

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