EXIAR supported deliveries of Russian agricultural equipment to Canada
The Russian Agency for Export Credit and Investment Insurance (EXIAR – a part of the Russian Export Center Group) and JSC Peterburgsky Traktorny Zavod concluded a contract on supplier credit insurance with the duration till 2017.
In accordance with the signed document EXIAR insured deliveries of Kirovets tractors of JSC Peterburgsky Traktorny Zavod to Canada.
The Russian Agency for Export Credit and Investment Insurance (EXIAR) was established in 2011. EXIAR's mission is to support Russian hi-tech exports and investments abroad by insuring export credits against commercial and political risks. The Russian Export Center is EXIAR’s sole shareholder. The agency's charter capital is RUB 43.5 billion. The State Specialized Russian Export-Import Bank (Eximbank of Russia) is a subsidiary of EXIAR.
JSC Peterburgsky Traktorny Zavod (JSC PTZ) is a subsidiary of JSC Kirovsky Zavod - one of the oldest machine-building enterprises of Russia, founded in 1801. Kirovsky Zavod is an ancestor for the domestic tractor industry - first tractors were manufactured in 1924. The trade mark Kirovets - the main and the well-known brand of JSC PTZ company. July 2012 marks the 50-th anniversary since the release of the first serial of the Kirovets tractor. JSC PTZ was and remains the only national producer of powerful multipurpose wheeled agricultural tractors. Totally, 470,000 Kirovets tractors were made.