EXIAR
Export Insurance Agency of RussiaEXIAR's core mandate is to provide insurance coverage for non-commodity exports of Russian goods, work and services, as well as for Russian investments abroad.
Similar institutions for export development operate in over 70 countries, securing a total of approximately 10% of global trade through their insurance and financing operations.
billion
State guarantee of Agency’s obligations
is $10 billion
Rubles
Charter capital exceeds RUB 31 billion
of insured
export
contracts
- 14,7 million
- 463 million
- 2 235 million
- 3 897 million
EXIAR covers against losses incurred through the occurrence of political risk and commercial risk events. The insurance makes it possible to arrange early-stage financing, including the period before the exported good is actually produced.
The Agency covers up to 90% of commercial risks and up to 95% of political risks on export projects. In certain projects the insurance coverage can reach 100%.
- Insurance against commercial and political risks for the export of Russian goods and services
- Direct lending to exporters through the Russian specialized Government–owned export–import bank (Eximbank of Russia)
- Credit and insurance export support. Insurance support of Russian investments abroad. Support for export-oriented SMEs
- Consulting on implementation of export projects (export financing and risk insurance)
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No limits for the volumes of company’s or export projects’ insurance
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Insurance for Russian exports to all regions of the world
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No time limits for export projects implementation; insurance of short-, medium-, and long-term contracts
Russian Government Decree No 1204 of November 14, 2014, with its amendments to the Rules of export insurance, has significantly expanded the potential of the Agency, which enables it to support not only exporters, but international development banks, financial institutions, and leasing and factoring companies as well.
This year, by Presidential Order, the Russian specialized government–owned export–import bank (Eximbank of Russia) has become a subsidiary of the Agency.
In order to achieve growth of insurance operations volume, the Agency is constantly boosting additional measures to drive demand and promote export insurance support instruments. This includes creating a number of insurance products and partial standardization of solutions for specific customer groups, considering particular features of every sector.
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Russian companies exporting high added-value products and services, including small and medium business
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Russian investors implementing projects abroad
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Banks and financial institutions
In February 2015 the Russian Government expanded the mandate of EXIAR and endowed it with the function of issuing guarantees for certain capital-intensive export contracts. This allows the Agency to provide additional support to long-term capital-intensive projects, such as supplies of airplanes, gas-transport infrastructure development projects, etc.
- Moscow
- Vladivostok
- March 12, 2015
- saw the opening of the first regional representative office of EXIAR in Vladivostok
The opening of the Agency’s first regional office in Vladivostok is the result of a carefully thought-through strategic decision – one that was based on a range of objective factors. The first, and most obvious of these, is the distance between Moscow and Vladivostok. We want to ensure that various business groups benefit from the broadest possible access to insurance support offered by the Agency. This is a substantial challenge, given the vast geographical area involved.
- Alexey Tyupanov
- EXIAR CEO
EXIAR is proactive in international cooperation: the Agency has signed 16 cooperation agreements with foreign ECAs. The Agency is also carrying out joint projects, strengthening ties and cooperation with international organizations and industry-specific associations. Since 2012, EXIAR has been a full member of the Prague Club (the international association of maturing credit and investment insurers).
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