In October, the Russian Agency for Export Credit and Investment Insurance (EXIAR, part of the REC Group) celebrates its 10th anniversary. In cooperation with other development institutions and departments, EXIAR provides insurance support to domestic manufacturers of goods and services, stimulating export activity and contributing to the implementation of the goals of the International Cooperation and Export national project.
EXIAR JSC entered into a buyer’s credit insurance agreement with the banks of the Gazprombank Group to implement the project of Uztransgaz JSC to upgrade the gas pipeline system in the territory of the Republic of Uzbekistan.
Within the framework of the program to support the export of high-tech products, EXIMBANK OF RUSSIA JSC, against insurance coverage by EXIAR, supports the supply of KAMAZ vehicles and vehicle sets to Azerbaijan, Kazakhstan, and Lithuania. The first tranches under the new ninth loan agreement with KAMAZ PJSC has been already made. By the end of the year, the total amount of financing provided by EXIMBANK OF RUSSIA to KAMAZ for the entire period of cooperation will exceed 20 billion rubles.
On December 10, Moscow will host the Made in Russia International Export Forum organized by Russian Export Center (part of VEB.RF).
On October 4, 2021, the Serbian-Russian Business Forum started in Belgrade, Serbia. It kicked off the business mission of the REC Group (part of VEB.RF). The first business mission to Serbia will be attended by 27 Russian exporters and over 100 Serbian companies.
The REC Group (part of VEB.RF) will finance the investment program of Uzbekneftegaz JSC to increase exploration and drilling operations. The corresponding memorandum of understanding was signed on the sidelines of the Tashkent International Economic Forum ‘Uzbekistan: Results and Prospects of Economic Reforms’.