EXIAR to build ties with Rostov Region
The Russian Agency for Export Credit and Investment Insurance (EXIAR) and the government of Rostov Region are to work together with the aim of boosting foreign trade in the region. The corresponding agreement was signed in Rostov-on-Don by EXIAR CEO Alexey Tyupanov and Governor of Rostov Region Vasily Golubev.
The document outlines the establishment of a long-term partnership to create a climate conducive to increasing foreign trade among businesses based in the region.
The parties have also agreed to develop cooperation in terms of working with local export support institutions, SMEs, and financial and credit organisations, and to implement joint projects.
The first event resulting from this development was a conference held on 26 March 2015 entitled ‘State support for export-oriented Russian companies in foreign markets’. The conference, which aimed to provide information to organisations based in Rostov Region involved in foreign trade, was jointly organised by the Regional Development Corporation and EXIAR.
The event included talks by Governor of Rostov Region Vasily Golubev, as well as Deputy Russian Presidential Envoy to the Southern Federal District Vladimir Gurba and EXIAR CEO Alexey Tyupanov.
Among those attending were representatives from the Rostov Region government, the Ministry of Industry and Trade, the Ministry of Economic Development, the Chamber of Commerce and Industry of Rostov Region, municipal divisions, credit and financial organisations, and over 50 SMEs engaged in export.
To date, EXIAR has provided insurance support for export projects in Rostov Region worth a total of approximately USD 60 million.
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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