Updates subscription
Thanks for subscribing!
Subscribe to Made in Russia today and get the most interesting news about Russian business, export and culture today!
Social media and RSS subscription

2020-06-03 09:03

REC will help KAMAZ to develop export

Russian export center (REC) provides 1.85 bln RUR support for Russian trucks manufacturer KAMAZ to secure export contracts via Eximbank of Russia a subsidiary of the state-owned REC.

The financial support will help KAMAZ to fulfil already existing export contracts obligations and raise potential profit.

KAMAZ uses extensively payment insurance, pre-export financing and various types of bank guarantees. According to Nikita Gusakov, REC Senior Vice-President, pre-export financing has become even more in demand and more profitable than regular loans.

REC assists KAMAZ for more than 9 years by providing financial and non-financial support on a continuous basis.

For reference. The state-owned Russian Export Center provides various types of financial and non-financial support for Russian export companies and international buyers of Russian products and services.

Manufactured in Russia // Made in Russia

Author: Daniel Zagidullin

Commenting ability is turned off due to expiration of the comment period, which is 5 days from the date of publication