Reported about 1 year ago
As the Ukraine-Russia conflict continues, Taiwanese insurers are still holding onto $135.7 billion in Russian debt. In May, the Financial Supervisory Commission reported that 7 domestic life insurance companies still hold Russian bonds, with an increased value from last year, mainly due to fluctuations in the US dollar. However, due to EU sanctions, the Russian Central Depository is unable to make deliveries. Despite Russia's offer to pay in rubles, the market remains cautious, and post-May 25, 2022, no interest has been received on the bonds. The situation highlights the uncertainty surrounding these investments amid the conflict.
Source: YAHOO