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Press-center

19.08.2021
13:47

The REC Group expands the horizons of cooperation with Kyrgyzstan

On the sidelines of the III Kyrgyz-Russian Business Forum, Azer Talibov, Chairman of the Management Board of EXIMBANK OF RUSSIA JSC (part of REC Group), signed an agreement on strategic partnership and cooperation with the Russian-Kyrgyz Development Fund.

Joint projects of the two financial organizations will open up new opportunities for Russian exporters allowing them to significantly increase exports to Kyrgyzstan. At the same time, the Kyrgyz counterparty will be able to gain access to high-quality Russian products using the financial instruments of both companies.
“Many Kyrgyz importers are interested in working with Russian suppliers. They have heard about their products from mass media or have already seen them in stores. The REC Group will help them start cooperation with proper Russian manufacturers,” Azer Talibov.

The strategic partnership between the companies will provide Russian exporters and Kyrgyz buyers with certain services, such as searching for foreign suppliers and buyers, facilitating negotiations, as well as organizing exhibitions and business missions aimed at finding Kyrgyz importers, increasing recognition, and creating a positive image of Russian products in Kyrgyzstan.

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EXIMBANK OF RUSSIA JSC is part of the Russian Export Center Group, which, in turn, is part of VEB.RF. The REC Group and VEB.RF are actively involved in achieving the goals of the “International Cooperation and Export” national project, which is designed to develop the export competitiveness of Russia for the next 10 years. The project’s benchmark is to achieve a 70 percent increase in non-resource non-energy exports in monetary terms by 2030.