Kazakhstan insurance company Eurasia is ready to compensate USD 38 million for the damages caused by the Boeing 747 plane crash near Bishkek on January 16, reports the company.

The cargo plane risks were reinsured by the Eurasia insurance company, which was notified about the insurance event. The reinsurance contract envisages the insurance of the aircraft, legal liability of the owners of the aircraft, and liability for third parties," the statement said. According to the preliminary calculations, the total sum of compensation is USD 38 million. Read the full story KAZAKHSTAN insurance firm to compensate USD 38 million for Boeing 747 crash near Bishkek