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News

12.03.2015

EXIAR’s first regional office in the Far Eastern Federal District

EXIAR’s first regional office in the Far Eastern Federal District opened today, 12 March 2015, in Vladivostok.

The official opening ceremony was held at the new office premises, and was attended by EXIAR CEO Alexey Tyupanov and First Vice-Governor of Primorsky Territory Vasily Usoltsev.

The regional office has been tasked with providing support to exporters and banks financing exports in the region. It will also provide information to the local authorities and other interested organisations on instruments of export support offered by EXIAR. In addition, it will draw up a list of promising projects and provide assistance to those spearheading them in order to ensure they are subsequently reviewed at the Agency itself. In addition a database of exporters of industrial products and services based in the Far Eastern Federal District will be maintained.

EXIAR’s new regional office will cover the Sakha Republic (Yakutia); the Kamchatka, Primorsky and Khabarovsk territories; the Amur, Magadan and Sakhalin regions; and the Jewish and Chukotka autonomous regions.

Alexey Tsovbun has been appointed to head the office.

EXIAR CEO Alexey Tyupanov: “The opening of the Agency’s first regional office in Vladivostok is the result of a carefully thought-through strategic decision – one that was based on a range of objective factors. The first, and most obvious of these, is the distance between Moscow and Vladivostok. We want to ensure that various business groups benefit from the broadest possible access to insurance support offered by the Agency. This is a substantial challenge, given the vast geographical area involved.

The second factor is the significant export potential of the Far Eastern Federal District, given its favourable location.

The third factor is the fact that 14 priority development areas are to be created in the Far Eastern Federal District (with five in the Primorsky Territory). The special status of these areas will ensure the production of goods and provision of services which are both competitive and, even more importantly, in demand in the Asia-Pacific market, due to their high added value.

We are convinced that the systemic efforts of the regional office will help us work together to unlock the colossal potential of the far eastern macroregion.”

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Among the events held to mark the opening of the new office was a round table discussion organised by EXIAR for exporters, which covered issues related to boosting foreign trade in the region.

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).

External Communications EXIAR