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14.09.2015

EXIAR insures refrigeration equipment exports

The Russian Insurance and Investment Agency (EXIAR) and POZIS (part of State Corporation Rostec’s “SPC” Techmash) have concluded a one-year comprehensive export credit insurance policy. 

As part of the signed document, the following items shipped to Kazakhstan, Kyrgyzstan, and Azerbaijan will be insured: refrigerators and freezers for household and medical use, air recirculators, and Russian-made spare parts. The current declared volume of exports covered by the policy amounts to more than 150,000,000 rubles.

Coverage is designed to protect Russian companies against the risk of non-payment by foreign buyers due to commercial or political reasons. The policy would cover delivery of goods and/or services that are made on credit terms, for a tenor less than 12 months to a number of foreign buyers that may be from different countries.

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. The State Specialized Russian Export-Import Bank (Eximbank of Russia) is a subsidiary of the Russian Agency for Export Credit and Investment Insurance (EXIAR).

The Production Association “Sergo Factory”, known as POZIS, manufactures machines, large household appliances, and hi-tech medical refrigeration equipment. POZIS is part of State Corporation Rostec’s Machine Engineering Technologies. It is the leading machine engineering company in Russia.

External Communications EXIAR