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State acts as guarantor of industrial exports to 40 countries

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  • State acts as guarantor of industrial exports to 40 countries

    State acts as guarantor of industrial exports to 40 countries

    11.10.2004

    MOSCOW, October 11 (Itar-Tass) - The Russian state became in 2004
    the guarantor of industrial exports to 40 countries. The value of the
    deliveries ranges from 10 to 500 million dollars. The government has
    approved the list of the countries, to which industrial exports are
    guaranteed by the state, a representative of the government's press
    service told Itar-Tass on Monday.

    The state grants the greatest guarantees (500 million dollars)
    to the enterprises, which export their products to the People's
    Republic of China. 300-million-dollar guarantees are granted to the
    enterprises doing business in Vietnam and India. Other countries,
    to which industrial products are exported under the state guarantees,
    include Brazil, Hungary, Egypt, Israel, Poland, the Czech Republic etc.

    The list sets the "risk categories" for those countries. From the
    point of view of government experts, export is the safest (with
    a minimal risk) to Israel, China, Poland, Slovakia, Slovenia and
    the Czech Republic. The greatest risk is connected with the exports
    to Armenia, Venezuela, Indonesia, Kyrgyzstan, Macedonia, Mongolia,
    Pakistan and Turkey.

    The state will grant guarantees up to 700 million dollars in 2005
    for supporting the exports of Russian industrial products. The sums
    are envisaged already in the draft budget for 2005.
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