EXIAR’s legal corporate form changed
Under Paragraph 7, Article 3 of the Federal Law No. 99-FZ “On amending Chapter 4 of Part 1 of the Civil Code of the Russian Federation and annulling the certain provisions of legislative acts of the Russian Federation” dated 5 May 2014, EXIAR changes its legal corporate form.
Starting from 4 February 2015 the following corporate names will be used:
- Full legal name – JSC “Russian Agency for Export Credit and Investment Insurance”;
- Short legal name – 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).
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