Under meeting of Intergovernmental committee of Russia and Kazakhstan headed from the Russian side by the First deputy Chairman of the Government of the Russian Federation Igor Shuvalov and from Kazakhstan – the First Deputy Prime-Minister of the Republic of Kazakhstan Bakhytzhan Sagintayev, in Astana city the Export insurance agency of Russia (EXIAR), “KazAgro” National management holding joint stock company (“KazAgro” Holding” JSC) and “Rostselmash” Combine plant” limited liability company (“Rostselmash” KZ” Ltd.) closed an agreement about cooperation and provision of insurance cover.
From EXIAR the document was signed by General director Peter Fradkov, from “KazAgro” Holding” JSC – Kairat Aituganov and from “Rostselmash” KZ” Ltd. – General director Valeriy Maltsev.
The document is aimed at coordination of joint efforts to implement export projects for delivery of agricultural machines produced by “Rostselmash” KZ” Ltd. for interested agricultural producers – borrowers of “KazAgro” Holding” JSC with insurance support of EXIAR.
Under terms of the agreement key directions of the Parties interaction are development of insurance cover structure within implementing projects, analysis of risks and projects efficiency, as well as development of their financing structure.
The agreement is aimed at support and expansion of Russian high-technological exporting to Kazakhstan.
At present, the Agency supported 3 projects with participation of KazAgroFinance and Rostselmash providing delivery of more than 140 machines.
The Export insurance agency of Russia (EXIAR) was established in 2011 in form of open joint stock company. Main goal of the agency’s activity is to support high-technological exporting through insurance of loan and political risks under export loans and insurance of Russian investments abroad from political risks. The Sole shareholder of EXIAR is “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”. The authorized capital amounts to 30 billion rubles. Subsidiary company of the Agency is the State specialized Russian export-import bank (RosEximBank).
“KazAgro” National management holding” JSC implements the state policy for development of agribusiness complex of Kazakhstan through providing effective management of investment assets of companies included into its structure. The holding includes “Food contract corporation” National company” JSC, “KazAgroProduct” JSC, “KazAgroFinance” JSC, “Agrarian credit corporation” JSC, “Fund for financial support of agriculture” JSC, “KazAgroGarant” JSC and “Kazagromarketing” JSC.
“Rostselmash” combine plant” limited liability company is included into top five largest world producers of agricultural machines. It includes 13 enterprises, which production lots are located in Canada, Russia, USA, Ukraine and Kazakhstan. Production line of Rostselmash contains 24 types of agricultural machines, more than 150 models and modifications. Consumers of 26 countries of the world select Rostselmash machines. Extensive dealer network around the world guarantees operational service provision.