Compulsory Motor Third Party Liability (OSAGO)

The Ministry of Finance of the Russian Federation proposed to increase the amount of fines for driving without Сompulsory insurance of motor third-party liability from 800 to 5000 rubles with graduation for individuals and legal entities. This was stated by Deputy Minister Alexey Moiseyev during a speech at the Federation Council.

The average cost of auto parts in the directories of the Russian Union of Motor Insurers for the period from March 2022 to March 2023 decreased by 19.5%, according to the President of the Russian Union of Motor Insurers Yevgeny Ufimtsev.