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19.06.2015

EXIAR and Ulyanovsk Region sign cooperation agreement

19 June 2015 The Russian Agency for Export Credit and Investment Insurance (EXIAR) has signed a cooperation agreement with the Ulyanovsk Region at the St Petersburg International Economic Forum.

The document was signed by the Governor of Ulyanovsk Region Sergey Morozov and EXIAR CEO Alexey Tyupanov.

As well as the implementation of joint projects, the agreement outlines the establishment of a long-term partnership based on mutually beneficial cooperation. Ultimately, the objective is to create a favourable business climate conducive to increasing foreign trade in Ulyanovsk Region.

The parties have delineated a number of areas in which they plan to work together. In particular, these include collaboration in supporting and developing foreign trade among companies based in the region. In addition, the parties plan to interact on matters concerning state support for local exporters. Another aspect of cooperation will be to promote EXIAR’s insurance products and terms to potential exporters based in the region, and to encourage them to implement export projects in collaboration with the agency. The agreement came into effect immediately upon its signing.

Info:

According to the Ministry of Economic Development of the Russian Federation, Ulyanovsk Region exported products worth a total of USD 217.92 million during the period of January–July 2014. To expand, the figure for January–June 2014 was USD 127.13 million, and by the end of the year, exports from the region exceeded USD 580 million in value. This data was provided by the Russian Ministry of Economic Development’s integrated foreign economic information portal (http://www.ved.gov.ru/eng/) and Knoema, the world data atlas.

The Russian Agency for Export Credit and Investment Insurance (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. Vnesheconombank is the sole shareholder of EXIAR. The agency's charter capital is RUB 31 billion. Since November 2014 Eximbank of Russia, a Russian specialized government–owned export–import bank, has been a subsidiary of Russian Agency for Export Credit and Investment Insurance (EXIAR).

External Communications EXIAR