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EXIAR and RNRC: Support for Russian exports in 2022

Author

Listed:
  • Andrey Aleksandrovich BONDARENKO

    (Russian Foreign Trade Academy, Moscow, Russia)

  • Andrey Vladimirovich FEDOROV

    (JS Russian National Reinsurance Company, Moscow, Russia)

Abstract

Trade credit insurance is critically important for any modern national economy to operate smoothly, as well as to conduct efficiently foreign trade activities. Up until early 2022, subsidiaries of international credit insurers provided the bulk of insurance coverage for Russian trade loans. The Russian state-owned financial institutions – Russian Agency for Export Credit and Investment (EXIAR) and Russian National Reinsurance Company (RNRC) – managed to replace shortly the departed Western companies, not only by supporting current business, but also by promoting further development of Russia’s foreign trade.

Suggested Citation

  • Andrey Aleksandrovich BONDARENKO & Andrey Vladimirovich FEDOROV, 2023. "EXIAR and RNRC: Support for Russian exports in 2022," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 5, pages 43-52, May.
    • Handle: RePEc:alq:rufejo:rfej_2023_05_43-52
    DOI: 10.24412/2072-8042-2023-5-43-52
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