EXIAR supported exports of Russian pipes
The Russian Agency for Export Credit and Investment Insurance (EXIAR – a part of the Russian Export Center Group) and Vyksa Steel Works have signed one-year short-term receivables insurance policy.
As part of the policy, export shipments to CIS countries of Vyska Steel Works’ electric welded pipes were insured.
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.
Vyska Steel Works is the largest Russian manufacturer of steel welded pipes and railway wheels. It has been a part of OMK since 1999. Over 12,000 employees work at the factory.