ANNOUNCEMENT 14 Nov 2014

In November 2014, the government of the Russian Federation announced a change in its trade finance instruments.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE




http://government.ru/docs/15740/

22 2011 964
http://www.rg.ru/2011/12/06/pravila-dok.html

Trade Finance Magazine: EXIAR: revolutionising Russian exports (interview of Petr Fradkov)
http://www.exiar.ru/en/press/publications/618/


Inception date: 14 Nov 2014 | Removal date: open ended
Still in force

Trade finance

With Decree No. 1204 of 14 November 2014 were approved amendments to the 'Rules for Activities Related to Insuring Export Credits and Investments Against Commercial and Political Risks', governing the operations of the Russian Agency for Export Credit and Investment Insurance (EXIAR).

The new amendments allow EXIAR to finance up to 100% of the insurance value of political or entrepreneurial risks in strategically important export insurance projects. Previously, the maximum possible percentage of insurance value covered by EXIAR varied between 90 and 95. The stated goal of the increase is to boost the competitiveness of Russian exporters.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
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