EXIAR insures export of power generation installations to Kazakhstan
The Russian Agency for Export Credit and Investment Insurance (EXIAR) and Stalneftegaz have signed an insurance contract.
Under the agreement, EXIAR insured a shipment of EG-2500 power generation installations to Kazakhstan worth over RUB 47 million. As per the contract, the Agency insured against the risk of non-payment by the customer.
Supplier credit insurance is intended to protect Russian exporters (as well as banks financing them) fr om the risk of non-payment by the foreign buyer.
Coverage extends to deliveries of certain goods carried out in circumstances wh ere payment has been deferred.
Export Insurance Agency of Russia (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. EXIAR holds a charter capital of RUB 30 billion. Eximbank of Russia is a subsidiary of EXIAR.
External Communications EXIAR