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06.12.2012

EXIAR helps organise seminar for Siberian exporters

The seminar, entitled ‘New opportunities for Russian exports’, took place on 6 December in Novosibirsk, and was jointly organised by the Russian Agency for Export Credit and Investment Insurance and GLOBEX Bank.

The main topics under discussion were state support for exports following Russia’s accession to the WTO, and services offered by EXIAR in insuring export credits against commercial and political risks.

Particular attention was paid to the support of small and medium-sized enterprises (SMEs). The importance of actively encouraging SMEs to engage in international trade was underscored at the event. Achieving this aim would significantly increase Siberia's export potential.

Peter Fradkov, CEO of EXIAR noted, “There are currently over 70 national export credit agencies worldwide providing support to national exports. This support is now available in Russia, and EXIAR's mission is not only to protect Russian exporters from risks when entering foreign markets, but also to help create better conditions when it comes to financing exports.”

The event was attended by heads of leading exporters in Siberia (including NOVAEM, Liotech, Tochpribor Precision Instruments Design Bureau, Tyazhkostangidropress, and SIBELECTROTHERM); representatives of local authorities and regional export support centres; international trade experts from the Siberian branches of the Russian Academy of Sciences and the Russian Academy of Agricultural Sciences; and representatives from the Novosibirsk Chamber of Commerce and Industry.

GLOBEX Bank was founded in 1992, and today is one of Russia’s largest financial institutes. 99.99% of the Bank’s shares are owned by the Bank for Development and Foreign Economic Affairs (Vnesheconombank).

GLOBEX is a universal bank, operating in all key areas of the financial services market. One of the bank’s main areas of focus is on providing loans to companies operating in the real economy.

GLOBEX is currently one of Russia’s biggest lenders to corporate clients, including SMEs.

The Russian Agency for Export Credit and Investment Insurance (EXIAR) was established in October 2011. 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. EXIAR’s sole shareholder is Vnesheconombank. The Agency’s charter capital is RUB 30 billion (approx. USD 1 billion).