EXIAR at INNOPROM 2014 – Russia's main industrial trade fair
On 9–12 July 2014, a delegation from EXIAR, headed by CEO Peter Fradkov, participated in the INNOPROM 2014 industrial trade fair in Yekaterinburg.
The Agency sponsored the event, and was also one of the exhibitors.
On 9 July 2014, an Agreement signing ceremony between EXIAR and Renault Russia took place at the Agency's stand, attended by Denis Manturov, Minister of Industry and Trade of the Russian Federation.
This comprehensive export credit insurance contract will apply to export sales of cars assembled at Renault plants in Russia to Kazakhstan and Belarus.
Under the agreement, EXIAR will insure the largest shipments of cars to Belarus and Kazakhstan against political and commercial risks. It will also insure a declared annual turnover of over RUB 7 billion.
On 10 July 2014, a session dedicated to issues relating to exports development was held at the forum. The event was entitled ‘EXPORTS: THE FOUNDATION OF A COMPETITIVE RUSSIAN ECONOMY’, and was organised by EXIAR, with Peter Fradkov moderating. A number of high-profile speakers, including representatives of the Ministry of Industry and Trade of the Russian Federation, Vnesheconombank, Promsvyazbank, Sberbank of Russia, Rostselmash, Renault Russia, OMZ Group, Sinara Transport Machines, and B2B Export took part in the session. The panelists focused on Russia's export structure, available support instruments , current issues related to encouraging banks to provide export credit, problems faced by Russian manufacturers when exporting, and issues affecting the export of products specifically manufactured in Russia. Special focus was also made on the specifics of exporting to Africa.
The Exporter of the Year awards ceremony for 2012 and 2013 also took place on that day. This competition, which has been held by the Ministry of Industry and Trade of the Russian Federation since 2001, aims to support and provide incentives to Russian manufacturers exporting their goods abroad. The awards were handed out by EXIAR CEO Peter Fradkov along with other high-ranking participants.
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 30 billion.
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