OREANDA-NEWS  The Russian Agency for Export Credit and Investment Insurance EXIAR (part of the REC Group, VEB.Russian Federation) and JSC State Insurance Organization (GSO) have signed an optional reinsurance agreement, laying the legal framework for joint support of export projects and risk sharing through the reinsurance mechanism, the REC reports.

"The document was signed within the framework of the annual meeting of the heads of export credit agencies of nuclear power plants in the Republic of Kyrgyzstan," the message says.

"The signing of this agreement is an important stage in the development of cooperation between the EAEU and EXIAR export credit agencies. This cooperation allows for the exchange of experience and best practices in support of foreign trade transactions. We are confident that our partnership with GSO will open up new opportunities for national companies in both countries," said Nikita Gusakov, Senior Vice President of REC and CEO of EKSAR.