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News

08.07.2015

EXIAR insures deliveries of ТМ PENOPLEX and PLASFOIL products

The Russian Agency for Export Credit and Investment Insurance (EXIAR) and RVC JSC have concluded an agreement on comprehensive export credit insurance for one-year period.

As part of the signed agreement, deliveries of PENOPLEX SPB's products will be insured.

To date, EXIAR has supported exports of PLASTFOIL's polymer waterproofing, STYROVI's polystyrene, extrusion plates by PENOPLEX, and extruded polystyrene ceiling skirting boards, moldings and connecting parts made by PLINTEX. These products were exported to Belarus, Lithuania, Armenia, Finland, Moldova, and Uzbekistan.

The insurance agreement also envisages the possibility of expanding the portfolio of insured goods in the future. According to forecasts, the annual turnover for insured counterparties may surpass RUB 500,000,000.

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 31 billion. Since November 2014 Eximbank of Russia, a Russian specialized government–owned export–import bank, has been a subsidiary of Russian Agency for Export Credit and Investment Insurance (EXIAR).

External Communications EXIAR