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News

30.12.2014

EXIAR and Primorsky Territory join forces to increase exports

The Russian Agency for Export Credit and Investment Insurance (EXIAR) and Primorsky Territory have agreed to consolidate efforts to increase the number of exports from the region.

The corresponding cooperation agreement was signed by EXIAR CEO Peter Fradkov and Governor of Primorsky Territory Vladimir Miklushevsky.

The aim of this development is to establish a long-term partnership aimed at improving the business climate for exporters based in the region, as well as at implementing joint projects.

The agreement outlines cooperation to increase export credit insurance against commercial and political risks for businesses in Primorsky Territory, collaboration in offering support to export projects, and also making relevant companies aware of the export insurance services and terms available to them.

Export Insurance Agency of Russia (EXIAR) was established in 2011 as an open joint-stock company. 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 holds a charter capital of RUB 30 billion. Eximbank of Russia is a subsidiary of EXIAR.

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