On 17 September 2013, the Russian Ministry of Economic Development announced that the state entity Russian Agency for Export Credit and Investment Insurance (EXIAR) will provide insurance coverage for a new credit scheme of OJSC Sberbank. Selected Russian exporters can benefit from this state support measure.
 
The parameters of the scheme are as follows:
 
Period of funding:

• Up to 20 years.

 
Strategic goals of the bank financing:

• Geographical expansion of exports and attraction of new customers;
• Improved access to credit financing;
• Reduced loan collateral;
• Ability to use a variety of export financing schemes.

 
Purpose of the loan:

• To finance the production and export of Russian goods and services.

 
Specific requirements:

• The coverage of EXIAR must not exceed 85% of the contractual price;
• The coverage of EXIAR is provided for hi-tech production;
• Obligatory presence of a Russian component in the exported goods / services.