Country trade data

• Supplier credits protect Russian companies (as well as banks providing financing to them) from the risk of non-payment by overseas buyers
• Policies cover single deliveries of goods made on credit:
• Straight supplier credit insurance policies cover single deliveries of goods made on credit terms
• Guarantee insurance cover and short-term receivables insurance cover the entire portfolio of insured’s export contracts with deferred payment terms against non-payment for single or recurring shipments
• Credit terms: Up to 1 year
• Insured or loss payee: The supplier or producer of goods, works, and services or the bank financing for the insured

• Insurance to cover a Russian or international bank against the risk of a default on a loan provided to an overseas borrower (the buyer or buyer’s bank) to pay for goods, work, or services exported from Russia under contract (including accrued interest)
• EXIAR also provides confirmed L/C insurance, which covers the risk of non-payment under a L/C confirmed by a Russian bank
• Credit terms:
• Short-term: Up to 2 years
• Long-term: Over 2 years
• Eligibility:
• Russian content in supply contract must be at least 30%
• Full or partial financing of an export contract for the delivery of Russian goods and services
• Local cost associated with Russian exports may be financed up to 30% of the value of the Russian supply contract
• EXIAR premium may be financed
• Fees:
• Risk premium may be paid in cash or capitalized
• Commitment fee typically charged by the lender

• Financial institutions: EXIAR also provides confirmed L/C insurance (with financing included), export factoring insurance, and export working capital credit insurance
• Investment insurance: EXIAR provides project investment insurance to protect Russian investors against the loss of investments caused by political events
• Investment insurance: EXIAR provides project investment insurance to protect Russian investors against the loss of investments caused by political events
• Cover: 95% of investment

• Insurance provided in RUB, USD, and EUR

• Support is provided exclusively for hi-tech products, capital goods, and construction contracts

• Convention on Combating Bribery of Foreign Public Officials in International Business Transactions

• Social and environmental risk management guided by OECD standards

• Prohibited from supporting commodity exports

• EXIAR does not provide cargo insurance

• 2022: Iran's EGFI inks agreement with Russia's EXIAR to facilitate trade

• 2022: EXIAR's membership in the Berne Union was suspended