OREANDA-NEWS. Sberbank CIB has organised a deal covered by EXIAR to supply high-tech power equipment to Poland under an export contract of one of the Russian Far East's power engineering firms - JSC Far Eastern Power Engineering Plant (Dalenergomash). This is the latest in a line of deals between Sberbank and EXIAR. Participation in EXIAR projects allows Russian exporters and their buyers to not only minimise settlement risks, but also to receive additional financial resources.

Oleg Konyushev, General Director of Dalenergomash, commented: "The structure of the deal proposed by Sberbank CIB, which involved EXIAR, enabled us to broaden the geography of our export operations and reduce potential supply risks as much as possible."

"We are glad to provide domestic exporters with principally new opportunities to grow their business and extend coverage of sales markets," said Andrey Ivanov, Head of the Trade Finance and Correspondence Relations Division at Sberbank CIB. "For us, supporting Russian exports in cooperation with EXIAR is a strategic task and a reliable lever for stimulating the country's economic growth."

Peter Fradkov, CEO of EXIAR, commented: "Promoting the export of Russian products to foreign markets is a priority for our agency. We consider that the cooperation between EXIAR and Sberbank will help domestic manufacturers widen their distribution geography."