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News

15.11.2012

Peter Fradkov joins the Russian Federation State Duma Board of Investment

Peter Fradkov, CEO of the Russian Agency for Export Credit and Investment Insurance (EXIAR) has joined the Russian Federation State Duma Board of Investment.

The board of investment, which is headed by Sergei Naryshkin, Chairman of the Russian Duma, was established to help improve the investment climate in Russia by drawing up measures to reduce red tape and improve state regulation (including the work of federal government agencies), through analysing law enforcement practices and suggesting modifications to investment legislation.

The board will convene to develop recommendations on improving existing rules and regulations in order to stimulate investment demand and proposals.

At the board’s first meeting, attendees examined a number of issues related to infrastructure bonds, simplifying the procedure for issuing securities, and investment in alternative energy.

As well as leaders of business organisations, representatives of federal government agencies will also contribute to the work done by the board.

The Russian Federation State Duma Board of Investment was established in November 2012 by order of Sergei Naryshkin, Chairman of the Russian Duma.

The Russian Agency for Export Credit and Investment Insurance (EXIAR) was established in October 2011. 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. EXIAR’s sole shareholder is Vnesheconombank. The Agency’s charter capital is RUB 30 billion (approx. USD 1 billion).