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News

06.12.2011

Decree of the government of the Russian Federation dated 22 November 2011 No. 964 'On the procedure for activities related to insuring export credits and investments against commercial and political risks' published

Decree of the government of the Russian Federation dated 22 November 2011 No. 964 'On the procedure for activities related to insuring export credits and investments against commercial and political risks' identifies the core principles of the Agency's activities. These encompass requirements related to financial sustainability, insurance regulations, and the list of risks and government monitoring procedures controlling the work of the Agency.

The Russian Agency for Export Credit and Investment Insurance (EXIAR) was established in October 2011. EXIAR’s mission is to support Russian high-tech exports by insuring export credits against commercial and political risks, as well as Russian investments abroad against political risks. EXIAR’s sole shareholder is Vnesheconombank. The Agency’s charter capital is RUB 30 billion (approx. USD 1 billion).