EXIAR holds seminar for exporters in Republic of North Ossetia–Alania
On 3 April 2014, the Russian Agency for Export Credit and Investment Insurance (EXIAR) held a seminar for representatives of regional authorities, exporting companies and banks based in the Republic of North Ossetia–Alania to discuss locally available support tools for export-oriented companies and organisations.
Deputy Minister of Economic Development of the Republic of North Ossetia–Alania Alexander Kokoev and Director for Regional Development at EXIAR Boris Igoshin gave welcoming addresses at the event.
Mr. Igoshin spoke about the principles of EXIAR's work with various types of customers, and commented on the Agency’s contribution to the establishment and implementation of a modern financial support system for EXIAR covered exports.
A presentation of the Agency's services was given to attendees by Andrey Zaytsev, SME Manager at EXIAR.
Alexander Kokoev, Deputy Minister of Economic Development of the Republic of North Ossetia–Alania, said, "Thanks to the beneficial location of North Ossetia–Alania, we have excellent opportunities for building a transport and logistics infrastructure. Federal highways and an international transport corridor – the shortest way from Asia to Europe – run through North Ossetia–Alania."
Boris Igoshin, Director for Regional Development at EXIAR, said, "Essentially, this is a totally new business for Russia. The agency’s mission is to enhance the competitiveness of Russian companies. Owing to EXIAR, Russian exporters can grant their foreign customers deferred payments and enjoy financing on better terms."
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.