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News

18.05.2012

EXIAR increases cooperation with the Accounts Chamber of the Russian Federation

The Russian Agency for Export Credit and Investment Insurance (EXIAR) and the Accounts Chamber of the Russian Federation have signed a Cooperation Agreement.

The document was signed by CEO of EXIAR Peter Fradkov, and Chairman of the Accounts Chamber Sergei Stepashin.

Under the agreement, the parties will provide mutual expert and consultancy support on issues falling within the competencies of EXIAR and the Accounts Chamber, and also share information.

The document also outlines the establishment of a permanent working group with participation by representatives of both parties, and also the organisation of meetings concerning issues of mutual interest.

Peter Fradkov, CEO of EXIAR:

"Our Agency, providing support for exports, is the first of its kind in Russia, and in the process of drawing up our regulatory framework, we intend to take full advantage of the Accounts Chamber's expertise. For its part, EXIAR will provide all the consultancy support the Accounts Chamber requires on matters falling within the Agency's competencies."

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).