MOSCOW TIME: 19.08.2018 19:08:28

Database


EXIAR

Office in Russia:
Headquaters:


Year Established: 2009
information:



EXIAR's role in the state export support system


EXIAR was established as a specialised state institution to support exports through the provision of a range of export credit and investment insurance products. It is Russia’s national export credit agency (ECA), and was built from the ground up as a result of a push by the Russian government in late 2009 to step up the development and implementation of its export support programme. This project formed one of several anti-crisis measures drawn up at the time to spur national economic development.


Since the agency’s inception, a range of systemic initiatives have been drafted and implemented to help boost export activity both at the national level, and in specific areas and industries (innovation, aviation, agriculture, exports by SMEs, etc.). These include a road map entitled ‘Supporting access to foreign markets and supporting exports’, which aims to solve specific problems related to bottlenecks in export procedures, and was first implemented following the issue of Russian Government Decree No. 1228-r dated 29 June 2012. In 2014, ownership of Eximbank of Russia – which specialises in financing export transactions – was transferred to the agency. This was in response to a presidential directive to streamline financial support for exports by consolidating existing credit and insurance services under the EXIAR umbrella. In 2015, the Russian government acknowledged the desirability for a one-stop shop to be established as part of Vnesheconombank, offering financial and non-financial support for exports. Consequently, in April of that year, the Russian Export Center was officially registered as company, and relevant legislative amendments were introduced by Federal Law 185-FZ dated 29 June 2015 (‘On amendments to Federal Law “On the bank for development” and part two of article 970 of the Civil Code of the Russian Federation’). On 10 December 2015, the Russian export center became the sole shareholder of JSC "EXIAR".


The agency plays an active role in helping to further develop the state’s export support system. It also regularly interacts with key ministries and agencies on related matters, including with the Russian government, the Ministry of Economic Development, the Ministry of Finance, and the Ministry of Industry and Trade. At the same time, it continues to accumulate expertise and international experience in the highly specialised field of financial services, while also acting to meet the needs of exporters. The agency’s success in this area is in large part due to its accrued experience in export transactions and its understanding of the specific requirements of growing exports in Russia.



Company Profile
References
Languages:
    Russian, English,

NEWS


17.08.2018 Russia, Azerbaijan, Kazakhstan flexible in adoption of Convention on Caspian Sea

The largest contribution in signing the Convention to determine the status of the Caspian Sea, was made by Russia, Azerbaijan and Kazakhstan, candidate of historical sciences, seni...

17.08.2018 Russian truck maker Kamaz opens subsidiary in Indonesia

Kamaz has opened a subsidiary in Indonesia to increase sales of its products, press service of the Russian truck maker reports on Wednesday.

16.08.2018 Adygei cheese goes to Turkey, Azerbaijan and UAE

Adygei cheese to be sold in Turkey, Azerbaijan and the UAE. Krasnogvardeysk milk factory will start to supply its brand products to these countries before the end of this year. Now...

EVENTS


06.06.2019 00:38:00 St. Petersburg International Economic Forum 2019

June 6-8, 2019 Russia (St.Petersburg)

21.11.2018 00:25:00 UZPRODTECHEXPO-2018

November 21-23, 2018 Tashkent (Uzbekistan)

31.10.2018 00:05:00 UZENERGYEXPO-2018

October 31 November 2, 2018 Tashkent (Uzbekistan)

INTERVIEWS


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education


03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners