EXIAR co-sponsors “RUSSIAN NON-COMMODITY EXPORTS: A VECTOR FOR ECONOMIC DEVELOPMENT” conference
The Russian Agency for Export Credit and Investment Insurance (EXIAR) joined the Russian Export Center and Eximbank of Russia to co-host the “Russian Non-Commodity Exports: A Vector for Economic Development” conference, which took place at the World Trade Center in Moscow on October 21, 2015. The conference focused on developing and supporting Russia’s non-commodity exports.
The conference was attended by representatives of government, development institutions, business and industry associates, as well as members from the fields of business, banking, and think tanks.
EXIAR and Eximbank of Russia jointly organized a panel discussion on financial tools for supporting exports. EXIAR’s CEO, Alexey Tyupanov, moderated the panel. The discussion’s key participants included the Deputy Chairman of the Central Bank of Russia, Dmitry Tulin; Deputy Chairman of the Board for Vnesheconombank, Sergey Vasiliev; Chairman of Eximbank of Russia, Dmitry Golovanov; CEO of VTB Capital, Alexey Yarovitsky; Chairman of the Board of Promsvyazbank, Artem Kostandyan; and heads of exporting companies.
Panelists discussed topics such as changes in the export structure for Russian products in the current economic environment and increasing Russian businesses’ competitiveness in foreign markets. They also touched on measures that need to be taken by the state, banking and business associations to improve the conditions for financing exports, adapting financial export support to the needs of companies in various industries and of various sizes, as well as other burning issues.
In the words of Alexey Tyupanov, “the key question for exporting companies in the current economic climate is becoming the availability of financing for exports, since it’s not the quality of the products, but rather the ‘financial package’ that lies at the forefront when entering foreign markets. Today, it is incredibly important to understand what the Central Bank and the financial and corporate sectors can and should do to boost the competitiveness of Russian goods and services abroad.”
The Russian Agency for Export Credit and Investment Insurance (EXIAR) was established in 2011. EXIAR's mission is to support Russian hi-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. The State Specialized Russian Export-Import Bank (Eximbank of Russia) is a subsidiary of EXIAR.
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