Export Insurance Agency of Russia (EXIAR) (russian: Российское Агентство по страхованию экспортных кредитов и инвестиций, ЭКСАР; Officially: ''Russian Agency for Insurance Export credits and Investments'') is a Russian government agency, which was established on October 13, 2011 as the successor for the Russian Export-Import Insurance Company (Российское экспортно-импортное страховое общество), that had existed since April 23, 1996.
Among its missions are in supporting the Russian export aboard, through insurance of export credits against commercial and political risks, as well as Russian investments abroad against political risks.
The sole shareholder of the company
Vnesheconombank
VEB.RF, or VEB (russian: ВЭБ.РФ (ex-Vnesheconombank)), is a Russian state development corporation. It was founded in 2007 as a development institute. VEB.RF is an investment company and development institute in Russia. It has financed more t ...
(Foreign Economic Bank).
The Agency’s charter capital makes RUR 30 billion (ca USD 1 billion). In line with the international practices EXIAR is aimed at developing financial instruments for export state support providing insurance for export credits against commercial and political risks and covering political risks related to Russian investments abroad.
Core activities of EXIAR are insurance of short-, mid- (up to 2 years) and long-term (up to 20 years) export and financial credits against commercial and political risks, as well as insurance of Russian investments abroad against political risks.
Missions
* Enhancement and support for Russian technology and equipment export
* Insurance support for Russian exporters entering new and risky markets
* Progressive implementation and adaptation of the bestinternational practices and standardsin export credit insurance in the Russian system of financial export support
* Enhanced access to financing
* Increased exports to new markets
* Support for private banks in financing Russian exporters
See also
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Export credit agency
An export credit agency (known in trade finance as an ECA) or investment insurance agency is a private or quasi-governmental institution that acts as an intermediary between national governments and exporters to issue export insurance solutions ...
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Export-Import Bank of the United States
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Rossotrudnichestvo
The Federal Agency for the Commonwealth of Independent States Affairs, Compatriots Living Abroad, and International Humanitarian Cooperation (russian: Федеральное агентство по делам Содружества Независ ...
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US AID
The United States Agency for International Development (USAID) is an independent agency of the U.S. federal government that is primarily responsible for administering civilian foreign aid and development assistance. With a budget of over $27 bi ...
External links
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References
Civil affairs
Government agencies established in 2011
International development agencies
Organizations based in Moscow
2011 establishments in Russia
Export credit agencies
Government agencies of Russia
Foreign trade of Russia
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