IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 16 Dec 2015 | Removal date: open ended
Still in force

Trade finance

According to an official press report of 16 December 2015, the Russian Agency for Export Credit and Investment Insurance (EXIAR) insured a loan agreement signed by Eximbank of Russia and Banco International de Comercio S.A. (BICSA), Cuba.
 
The export insurance covers obligations under an export agreement to ship rail cars from Russia under an contract between the Russian company RM Rail and Empresa Proveedora General del Transporte (TRADEX) in Cuba. EXIAR is insuring 22.7 million EUR worth of exports.
 
 
According to UN Comtrade, no trading partner of Cuba had exports exceeding a value of USD 1 million on the affected tariff lines in the year prior to the intervention. Thus no jursidictions have been identified as affected.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

491 Motor vehicles, trailers & semi-trailers; parts
8705 Special purpose motor vehicles, other than those principally designed for the transport of persons or goods (for example, breakdown lorries, crane lorries, fire fighting vehicles, concrete mixer lorries, road sweeper lorries, spraying lorries, mobile wor
870510 Crane lorries
870520 Mobile drilling derricks
870530 Fire fighting vehicles
870540 Concretemixer lorries
870590 Other
8706 Chassis fitted with engines, for the motor vehicles of headings 87.01 to 87.05.
870600 Chassis fitted with engines, for the motor vehicles of headings 87.01 to 87.05.

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