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10.04.2013

EKN and EXIAR set to cooperate through joint projects

Stockholm, 10 April 2013 – The Swedish Export Credits Guarantee Board (EKN) and Export Insurance Agency of Russia (EXIAR) have signed an Agreement on Support of Joint Projects aimed at promoting the development of long-term, effective and mutually beneficial bilateral cooperation between the Parties involved. On behalf of EKN the Agreement was signed by Helén Seemann,

Deputy Director-General, on behalf of EXIAR - by Mikhail Karyakin, First Deputy CEO.

Through the Agreement EKN and EXIAR intend to support the supply of goods and services from their respective countries as part of joint projects in third countries. In addition the Parties agreed to support enterprises with Swedish participation registered in Russian Federation and enterprises with Russian participation registered in Sweden to carry out trade activities with a specific focus on the CIS market.

According to the Agreement EKN and EXIAR will also share experience and exchange information on risk assessment, claims management and risk management technics related to export credits.

Cooperation between EKN and EXIAR will be effected in accordance with OECD principles and other international documents regulating this field.

The Agreement is intended to enhance trade and investment of both Swedish and Russian corporates.

About EKN


The Swedish Export Credits Guarantee Board (EKN) was founded by the Swedish government in 1933. The mission of EKN is to promote Swedish exports and the internationalisation of Swedish companies by insuring export companies and banks against the risk of non-payment in export transactions, thereby enabling them to conduct more secure export transactions. EKN’s activities encompass export transactions in 140 different countries.

About Exiar

OJSC Russian Agency for Export Credit and Investment Insurance (EXIAR) is the Export Credit Agency of the Russian Federation. Moscow-based EXIAR was founded in October 2011, as a subsidiary of Vnesheconombank, to protect the foreign accounts receivable of Russian exporters against commercial and political risks and foreign investments of Russian companies against political risks. The Agency’s charter capital is 30 billion rubles.

For more information EKN

Head of Communications

Beatrice Arnesson

Tel + 46 8 788 00 36

E-mail: Beatrice.arnesson@ekn.se

EXIAR

External Communications

Ekaterina Karasina

Tel. + 7 (495) 783 11 88

E-mail: karasina@exiar.ru

www.exiar.ru