EXIAR and RNRC: Support for Russian exports in 2022

Authors

  • Andrey Aleksandrovich Bondarenko Russian Foreign Trade Academy
  • Andrey Vladimirovich Fedorov JS Russian National Reinsurance Company

DOI:

https://doi.org/10.24412.2072-8042-2023-5-43-52

Keywords:

trade credit, trade credit insurance, Russian Export Center, EXIAR, Russian National Reinsurance Company, RNRC

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.

Author Biographies

Andrey Aleksandrovich Bondarenko, Russian Foreign Trade Academy

Candidate of Economic Sciences
Place of work, post: Candidate of Economic Sciences, Russian Foreign Trade Academy, department of Finance and Monetary Relation, Associate Professor

Andrey Vladimirovich Fedorov, JS Russian National Reinsurance Company

Place of work, post: JS Russian National Reinsurance Company, credit rusk reinsurance department, Head of credit risk underwriting reinsurance department

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Published

2024-01-25

How to Cite

Bondarenko, A. A., & Fedorov, A. V. (2024). EXIAR and RNRC: Support for Russian exports in 2022. Russian Foreign Economic Journal, (5), 43–52. https://doi.org/10.24412.2072-8042-2023-5-43-52

Issue

No. 5 (2023)

Section

Foreign trade activity