The share of insured vineyards in Russia does not exceed 10%

Published 2024년 11월 13일

Tridge summary

Approximately 90% of Russia's vineyards are uninsured, leaving them vulnerable to weather-related damages. Despite the lack of insurance, those who were insured, such as an agricultural enterprise in Stavropol, have received payments to offset losses from this year's adverse weather conditions, which included spring frosts, summer drought, and fall excess moisture. The forum emphasized the importance of insuring vineyards to mitigate financial losses due to these risks.

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Original content

The share of insured vineyards in Russia does not exceed 10%, while most plantings are under threat due to weather events. This was told to TASS by the First Deputy Chairman of the Board of JSC Rosselkhozbank Irina Zhachkina as part of the international forum "World Quality Day". "Today, no more than 10% of vineyards are insured. This means that most plantings are under threat. Especially given the weather events," Zhachkina said. She recalled that this year there were frosts in the spring, drought in the summer, and excess moisture in the fall. "Nevertheless, those who were insured received payments. For example, we transferred 236 million rubles to a Stavropol agricultural enterprise - this is the largest one-time payment in the ...

Source: Kvedomosti