On July 30, the Expert Commission of Russian Export Centre (part of VEB.RF) selected 5 companies to exhibit their products in the permanent demonstration and tasting pavilions in China, the UAE, as well as in the pavilion of the Arab Republic of Egypt to be opened in the second half of 2021.
With a halal accreditation certificate obtained in Turkey, Russian exporters will be able to enter both the Turkish market and the markets of neighboring Islamic countries.
Kazakhstan can join the Russia – Uzbekistan Agroexpress project that will help increase mutual supplies of agricultural products. The details of the launch were discussed during a working meeting by Veronika Nikishina, General Director of REC, and Kairat Torebayev, Vice Minister of Trade and Integration of the Republic of Kazakhstan.
At the "10 Years of the ESS System" All-Russian Conference, which is taking place these days in Belgorod, Dmitry Prokhorenko, Director for Development of the International Network of REC JSC, has declared that REC launches International Consulting Service.
Within the framework of the business mission of Russian companies under the auspices of EXIMBANK OF RUSSIA JSC, member of the REC Group, a presentation of a new product line of KAMAZ PJSC, the largest Russian enterprise for the production of heavy duty trucks took place in Baku.
“In just 5 months of this year, Russia has delivered more than 35 thousand passenger cars to foreign markets totaling 575 million dollars, which is 60% more than in the same period of 2020. Increase in supplies was due to the recovery of world markets after the lockdown,” Veronika Nikishina, General Director of Russian Export Center, said at the ceremony of launching new projects of the Stellantis Group at the PSMA Rus plant in Kaluga.
On July 23rd, 2021, the first business mission of Russian companies, organized under the auspices of EXIMBANK OF RUSSIA JSC, member of the REC Group, took place in Baku.
The expert commission selected 13 companies, which applied to display products in the REC pavilions, located in foreign countries. At the moment, there are permanent demonstration and tasting pavilions in China, the United Arab Emirates, Vietnam. Another one will be opened in the second half of 2021 in the Arab Republic of Egypt.
EXIMBANK of Russia JSC and VEB.RF provided the first disbursement of about 677 million rubles to finance the supply of Russian municipal equipment to Uzbekistan.
The memorandum on business development was signed by Russian Export Center JSC and Qatar Development Bank (“QDB”) within the SPIEF-2021.
Gazprombank, Uztransgaz JSC and the Russian Agency for Export Credit ,and Investment Insurance (EXIAR) signed a term sheet for the provision of short-term bridge financing in the form of a syndicated loan for up to $ 300 million. The document was executed within the framework of the St. Petersburg International Economic Forum. According to the agreements reached, 50% of the syndicated loan will be covered by the insurance of Russian Agency for Export Credit and Investment Insurance (EXIAR).
The share of settlements in national currencies between the EAEU countries reached 74% the experts said on the session dedicated to the efficiency of export within the SPIEF 2021.
From now on, the financial instruments offered by the REC Group and the International Bank for Economic Cooperation may be used to support green investment projects. The corresponding agreement was signed by Nikita Gusakov, Senior Vice President of REC, General Director of EXIAR, and Denis Ivanov, Chairman of the IBEC Board, on the sidelines of SPIEF 2021.
On June 3, at the Business 20 Regional Consultative Forum (B20), which was held within the framework of SPIEF 2021, the topic of trade and investment was discussed. Veronika Nikishina, General Director of Russian Export Center JSC, called for the destabilization of the rules of world trade and the growth of restrictive measures to be included in the G20 agenda.
The agreement on cooperation between REC and the Russian-German Chamber of Commerce in support of Russian non-resource non-energy exports was signed on the sidelines of SPIEF 2021.
REC plans to integrate its one-stop-shop system with digital systems of foreign customs services to ensure digital interaction of authorities not only within the country but also within foreign departments. This was stated by Veronika Nikishina, General Director of REC JSC during the discussion at the round table “Transformation of World Trade" at the SPIEF-2021.
Veronika Nikishina, General Director of REC, and Antonio Fallico, Chairman of the Board of Directors of Banca Intesa, signed the Memorandum of Cooperation at the St. Petersburg International Economic Forum.