CIS announces two new ECAs

16 Nov 2011

Export financing appetite in the CIS is set for a boost after dual announcements from Russia and Ukraine that the countries are in varying stages of creating export credit agencies.

Russia is further down the line and has announced that its ECA, Exiar, will start life with charter capital of Ru30bn ($1bn) and begin launching export credit products in the middle of 2012. Exiar has the Russian state-run Vnesheconombank as its sole shareholder, which is a relief to ...

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