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News

04.03.2014

EXIAR participates in conference for exporters in the Republic of Tatarstan

On 4 March, Kazan hosted a conference attended by representatives of EXIAR for exporters based in the Republic of Tatarstan. The theme of the event was 'State Support for Export-Oriented Russian Companies in Foreign Markets'. The conference was jointly organised by the Administration of Trade Financing and Correspondent Relations (ATFCR) and the Volga-Vyatka branch of Sberbank of Russia.

The event revolved around a foreign trade cooperation agreement between the Republic of Tatarstan and Sberbank of Russia, which was signed in December 2013 during Herman Gref's visit to the region.

Among the guests speaking on systemic export support measures being implemented in the region were representatives of the Ministry of Industry and Trade of Tatarstan, the Export Support Centre of the Republic of Tatarstan, and the Republic of Tatarstan Export Corporation. In turn, representatives from EXIAR elucidated its aims and objectives, and also gave an overview of the insurance products developed by the Agency to promote Russian exports and investment abroad (including those especially for SMEs). Closing the conference, Head of the ATFCR Andrey Ivanov spoke on the export support opportunities offered by Sberbank Group to Russian companies looking to expand into overseas markets.

The Republic of Tatarstan is one of Russia's most economically developed regions, boasting impressive levels of international trade. The event therefore drew a very positive response from locally based corporate clients. Over 100 companies across various industries were represented at the conference, including some of the region's biggest exporters: the Gorky Zelenodolsk Plant, Kazan Helicopters, Kazanorgsintez, Kamaz, Tatneft-Neftekhim, Nefis Cosmetics, and other export-oriented companies.

As noted by Andrey Ivanov, "The level of interest shown by attendees attests to the value of this event for exporters, who obtained detailed information on available state support opportunities. We expect that this will enable Sberbank of Russia to increase its standing in the region with regard to handling international trade transactions."

Andrey Polyakov, Managing Director for Regional Development and Support for SMEs at EXIAR, commented, "The enviable number of attendees at the conference is not only an indication of the level of enthusiasm for state support measures for exports and the significant export potential that exists in the Republic of Tatarstan – it also indicates constructive feedback resulting in specific recommendations on developing support mechanisms for export-oriented companies. These proposals deserve serious attention.

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.

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