Russian motor insurers respond to the Green Card system sanctions by establishing the Blue Card system

14 September 2023 — Daniela GHETU

According to information provided on the Russian Union of Motor Insurers (RAMI) website, the first agreement was concluded by the Russian motor insurers’ association within the framework of the newly established Blue Card system, with the Belarusian Bureau of Transport Insurance and became effective on 2 September.

Establishing the Blue Card system took place on June 1, 2023, as a response to the suspension of the Russian and Belarusian bureaux, for sanctions reasons, from the international insurance system Green Card. Thanks to this agreement, after June 30 drivers from the two countries were provided the possibility of travelling by car between the two countries.

Agreements were also concluded with the national associations of auto insurers of Azerbaijan and Turkey, thanks to which Green Card agreements concluded before July 1, 2023, are valid for the entire period for which they were issued, the same source said.

New Blue Card forms will be issued starting 1 January 2024. Before this date, the “old” Green Card forms will remain in use. Settlement currency will be predominantly the national currency of the country of the accident, unlike in the Green Cars system, where settlements were carried out in euros.

According to RAMI President, Evgeny Ufimtsev, the main efforts are directed toward concluding Bue Card agreements with the areas of mass travel by Russians in their cars, Turkey and the CIS countries. Morocco and Tunisia also expressed their interest in concluding an agreement within the Blue Card.
 

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