EXIAR covers shipments to Mongolia
The Russian Agency for Export Credit and Investment Insurance (EXIAR) and Vysokotekhnologichnye Materialy (VTM) have signed an insurance contract for shipments of rail lubricants to Mongolia. The total value of insured goods is in excess of USD 107,000.
This is VTM's fourth such project involving exports to Mongolia which has been insured by the Agency.
Vysokotekhnologichnye Materialy (VTM) was established in 2009. The Russian company specialises in the development and implementation of efficient tribology technology and products. VTM aims to consolidate best practices and the most promising innovative developments in maximising resource efficiency. This allows them to provide customers with comprehensive solutions for reducing consumption of fuel, energy and other vital resources. Today, the company works with leading organisations in strategic sectors across Russia and the CIS.
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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