EXIAR closes the first contract with Gazprombank
The first insurance contract between Russian Agency for Export Credit and Investment Insurance (EXIAR) and Gazprobank was signed 5 June, 2014.
According to the contract, EXIAR covers against commercial risks on Gazprombank’s export credit aimed to finance supplies of grain and forage harvesters, as well as assemblies and accessory equipment, produced by OOO “Harvester Plant Rostselmash” to the Republic of Kazakhstan.
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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