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10th Anniversary of EXIAR

20 october 2021

In October, the Russian Agency for Export Credit and Investment Insurance (EXIAR, part of the REC Group) celebrates its 10th anniversary. In cooperation with other development institutions and departments, EXIAR provides insurance support to domestic manufacturers of goods and services, stimulating export activity and contributing to the implementation of the goals of the International Cooperation and Export national project.

The Agency was established 10 years ago to protect Russian companies from the export risks and to create comfortable conditions for them to interact with foreign clients and enter new markets.

“For 10 years we have managed to support Russian exports for more than $ 90 billion and insure more 2 thousand domestic projects against export risks. Our insurance capacity has exceeded 1 trillion rubles. At the same time, EXIAR cooperates with 80% of Russian largest exporters. The Agency also focuses on small and medium-sized businesses. Many of them are just starting their export journey, and EXIAR offers them specialized products designed to secure and simplify this process,” Nikita Gusakov, General Director of EXIAR JSC, Senior Vice President of REC JSC.

According to him, it is thanks to the well-coordinated team work that the Agency has managed to achieve success. “We work primarily for exporters, developing proposals that can help them in realizing their ambitions when entering foreign markets. I would like to express my gratitude to our colleagues and partners. We appreciate our cooperation and joint contribution to the development of the domestic export,” Nikita Gusakov emphasized.

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EXIAR JSC is part of the Russian Export Center Group, which is part of VEB.RF. EXIAR insures export deliveries against commercial and political risks.

The REC Group and VEB.RF are actively involved in achieving the goals of the International Cooperation and Export national project, according to which it is necessary to development of export competitiveness during the next 10 years by achieving a 70% increase in the volume of non-resource non-energy export by 2030.


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