State acts as guarantor of industrial exports to 40 countries

State acts as guarantor of industrial exports to 40 countries


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.