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Press-center

24.09.2021
10:21

EXIMBANK OF RUSSIA will support exporters who deliver products to Croatia

EXIMBANK OF RUSSIA JSC is ready to develop cooperation with Croatian banks to create the necessary infrastructure to support the export of Russian goods and services to this country. This was announced by Azer Talibov, Chairman of the Board of EXIMBANK OF RUSSIA JSC, during his speech at the XIV Russian National Banking Forum and the Croatian-Russian Investment Conference.

According to him, the basic financial instruments to support trade between Russia and Croatia include letters of credit, standby letters of credit, guarantees, direct loans to foreign buyers (including those secured by the sovereign guarantee of the borrower’s country) and loans to banks of foreign buyers against insurance coverage provided by EXIAR JSC, loans to sovereign borrowers, financing of receivables secured by export proceeds.

The Russian Export Center Group (REC JSC, EXIAR JSC, EXIMBANK OF RUSSIA JSC; part of VEB.RF) aims to create and implement integrated mechanisms to support Russian exporters, including when there is a need to organize the supply of products to Croatia. The most popular tools to support supplies to this country are insurance of short-term accounts receivable, consultations on export activities via e-commerce platforms, compensation for part of transportation costs, as well as the registration and issuance of documents necessary to import Russian products.