EXIAR organises seminar for Rostec
The Export Insurance Agency of Russia (EXIAR) has held a seminar for Rostec employees. The event – which was organised for directors of foreign trade subdivisions of Rostec holding companies, along with heads of organisations subordinate to the corporation – focused on support tools for export-oriented companies in the current climate.
The seminar was opened by EXIAR CEO Alexey Tyupanov and Rostec Deputy CEO Dmitry Shugaev.
Speaking at the event on behalf of EXIAR were Director of Relations with Banks and Financial Institutions Nadezhda Lesovaya and Senior Manager for Export Credit Insurance Pavel Ryzhkovsky.
During their presentations, EXIAR representatives highlighted the opportunities presented by the current economic climate for companies engaged in export. They also outlined the main problems encountered by exporters – both financial and non-financial – and ways of overcoming them. In addition, using past deals as case studies, they presented ways in which export-oriented companies can take advantage of the Agency's insurance products to consolidate their positions in existing markets, as well as to move into new ones. The representatives concluded by talking about the Agency's results for 2014, future development plans, and the opportunities presented by increasing cooperation between Rostec and EXIAR.
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).
Rostec State Corporation (Rostec) was established in 2007 with the mission to assist in the development, manufacture and export of high-tech industrial products for civilian and military use. The corporation comprises over 663 organisations that currently form 10 holding companies operating in the military sector, and four in civilian manufacturing. Organisations belonging to Rostec are spread across 60 federal subjects of the Russian Federation, and export products to over 70 countries worldwide.
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