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02.06.2014

EXIAR insures export of Russian mineral fertilizers

Russian Agency for Export Credit and Investment Insurance (EXIAR) and the trading company of PhosAgro Group signed an export credit insurance agreement for 1 year.

According to the contract EXIAR will cover export of Russian mineral fertilizers by PhosAgro-Asia to various countries. The estimated annual volumes of the covered supplies can reach $200 million.

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.

PhosAgro Asia Pte. Ltd. was established in 2013 for sales of mineral fertilizers to various countries. The new company will be PhosAgro’s first trading operation in Asia that focuses on international sales of mineral fertilizers.   
PhosAgro is one of the largest producers of phosphate-based fertilizers in the world and is a leading complex NPK producer in Russia; the Company supplies widely used fertilizer grades to Russian and international agricultural producers.    

External Communications EXIAR