With the possibility of military conflict between Russia and Ukraine rising steeply, coupled with concerns about a potential disruption to the global market, the Financial Supervisory Commission (FSC) has conducted an assessment of Taiwan’s risk exposure in banking, insurance and securities in the two countries.
As of the end of December last year, loans from Taiwan’s 38 banks to Russia put their credit risk exposure at a combined NT$5.285 billion (US$189.79 million), while their credit exposure in Ukraine was NT$6 million, the Banking Bureau said.
Taiwanese insurers had no risk exposure in Ukraine, but their risk exposure in Russia was as high as NT$147 billion, the bureau said.
Taiwan has no risk exposure to Russian or Ukrainian securities, but private investors might have risk exposure because of securities and futures acquired through domestic and overseas investment funds, the Securities and Futures Bureau said.
The securities bureau estimated that the risk faced by private investors using domestic funds to invest in Russia totaled NT$21.4 billion, while the risk faced by those using overseas funds was NT$35.4 billion.
The risk exposure for private investors using domestic funds to invest in Ukraine was NT$5.08 billion, while the risk faced by those using overseas funds was NT$15 billion.
Overall, Taiwan had a financial risk of NT$209.085 billion in Russia and NT$20.086 billion in Ukraine, the commission said.
The Ministry of Transportation and Communications yesterday inaugurated the Danjiang Bridge across the Tamsui River in New Taipei City, saying that the structure would be an architectural icon and traffic artery for Taiwan. Feted as a major engineering achievement, the Danjiang Bridge is 920m long, 211m tall at the top of its pylon, and is the longest single-pylon asymmetric cable-stayed bridge in the world, the government’s Web site for the structure said. It was designed by late Iraqi-British architect Zaha Hadid. The structure, with a maximum deck of 70m, accommodates road and light rail traffic, and affords a 200m navigation channel for boats,
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