Decree of the President of the Republic of Belarus as of January 14, 2019 No. 15 “On Liability for Nuclear Damage” established the procedure for financial security of liability for damage arising from the activities on the use of nuclear energy.
In particular, the document establishes:
– a limit of liability of the Belarusian NPP for damage – in the amount of 150 million special drawing rights per nuclear incident;
– a form of financial support for liability of the Belarusian NPP operator – civil liability insurance;
– conditions for insurance against risks arising in the activities of the Belarusian NPP. To ensure the organization and operation of the insurance system, the Belarusian Nuclear Insurance Pool is created, the participants of which are: Belgosstrakh, Eximgarant of Belarus, and Belarusian National Reinsurance Organization;
– requirements for a nuclear liability insurance contract.
The Decree was adopted to ensure the fulfillment of international obligations by Belarus in the field of civil liability for nuclear damage, financial guarantees for the protection of the rights and legitimate interests of citizens, legal entities, and environmental objects.