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{{Short description|Russian government agency}}
'''Export Insurance Agency of Russia''' (EXIAR)''' ({{lang-ru|Российское Агентство по страхованию экспортных кредитов и инвестиций}}, ЭКСАР) is a Russian government agency.
{{Infobox government agency
|agency_name = EXIAR<br /><small>Russia's External Foreign Insurance Agency</small>
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|formed = <!-- {{Start date|df=yes|2011|10|13}} -->
|preceding1 = Export-Import Insurance Company (REISO)
|preceding2 =
|preceding3 =
<!-- (etc.) -->
|dissolved =
|superseding =
|jurisdiction =
|headquarters = [[Moscow]], [[Russia]]
|coordinates =
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|minister1_name = Maksim Oreshkin
|minister1_pfo = [[Ministry of Economic Development (Russia)|Minister of Economic Development]]
|minister2_name =
|minister2_pfo =
<!-- (etc.) -->
|chief1_name = Peter Fradkov
|chief1_position = Director-General
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|website = {{URL|www.exiar.ru}}
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'''Export Insurance Agency of Russia (EXIAR)''' ({{lang-ru|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.<ref>{{cite web
|url = http://www.insur-info.ru/press/93353
|title = Создано страховое общество
|work = [[Arguments and Facts]]
|date = 1996-05-27
|accessdate = 2014-02-17
|quote = Governmental directive from April 23, 1996 No. 516}}</ref>


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.
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]] (Foreign Economic Bank).
The sole shareholder of the company is [[Vnesheconombank (Russia)|Vnesheconombank]] (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 financialinstruments for export state support providing insurance for export creditsagainst commercial and political risks and covering political risks related to Russian investments abroad.
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.
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 ==
== Missions ==
* Enhancement and support for Russian technology and equipment export
* Enhancement and support for Russian technology and equipment export
* Insurance support for Russian exporters enteringnew and risky markets
* 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
* 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
* Enhanced access to financing
* Increased exports to new markets
* Increased exports to new markets
* Support for private banks in financing Russian exporters
* Support for private banks in financing Russian exporters

==See also==
*[[Export credit agency]]
*[[Export-Import Bank of the United States]]
*[[Rossotrudnichestvo]]
*[[US AID]]

==References==
{{Reflist}}


==External links==
==External links==
* {{Official website|http://exiar.ru/ }}
* {{Official website|http://exiar.ru/ }}



{{International development agencies|state=expanded}}
{{International development agencies|state=expanded}}


{{authority control}}


{{DEFAULTSORT:Export Insurance Agency of Russia}}
{{DEFAULTSORT:Export Insurance Agency of Russia}}
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[[Category:Organizations based in Moscow]]
[[Category:Organizations based in Moscow]]
[[Category:2011 establishments in Russia]]
[[Category:2011 establishments in Russia]]
[[Category:Export credit agencies]]
[[Category:Government agencies of Russia]]
[[Category:Foreign trade of Russia]]


{{Russia-gov-stub}}

Latest revision as of 20:45, 25 July 2024

EXIAR
Russia's External Foreign Insurance Agency
Agency overview
Preceding agency
  • Export-Import Insurance Company (REISO)
HeadquartersMoscow, Russia
Minister responsible
Agency executive
  • Peter Fradkov, Director-General
Websitewww.exiar.ru

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.[1]

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 is Vnesheconombank (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

[edit]
  • 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

[edit]

References

[edit]
  1. ^ "Создано страховое общество". Arguments and Facts. 1996-05-27. Retrieved 2014-02-17. Governmental directive from April 23, 1996 No. 516
[edit]