Beleximgarant, export insurance agency of Russia sign cooperation agreement

MINSK, 18 July (BelTA) - Beleximgarant and the Russian Agency for Export Credit and Investment Insurance signed an agreement on cooperation and joint activities in Minsk, BelTA learned. 

The document was signed during a meeting of the Union State government. On behalf of the Belarusian side, the agreement was signed by General Director of Beleximgarant Gennady Mitskevich. 

Beleximgarant has been operating since 2001. It provides support for domestic enterprises in two areas: insurance of export contracts of Belarusian exporters and insurance of export credits issued by banks to exporters or nonresident buyers of Belarusian products. The company is a member of the International Union of Credit and Investment Insurers.

The Russian Agency for Export Credit and Investment Insurance was created in October 2011. The main mission of the agency is to support high-tech exports through credit and political risk insurance, insurance of Russian investment abroad against political risks. The sole shareholder is Vnesheconombank.

BelTA