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08.02.2012

EXIAR and SACE agree to share experience

The Russian Agency for Export Credit and Investment Insurance (EXIAR) signed a Memorandum of Understanding with SACE SpA, Italy's state export credit agency, at the 'Insurance Support for Exports. International Experience. New Opportunities' international conference on export support, which took place in Moscow.

The document was signed by CEO of EXIAR Peter Fradkov, and CEO of SACE SpA Alessandro Castellano.

Under the Memorandum, EXIAR and SACE SpA aim to increase mutually beneficial cooperation through sharing experience. Agreement was also reached on SACE providing information and educational support to EXIAR.

The document outlines the exchange of information on changes to the economic and financial climate in Russia and Italy, as well as on new projects of interest to the agencies.

In addition, the organisations have agreed to actively cooperate on supporting and developing trade relations between Italy and Russia.

EXIAR Communications Department

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).