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Brief information on Russia

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Short-term There are no formal restrictions on cover.
Medium/long-term There are no formal restrictions on cover.
Collateral For medium and long-term transactions with private buyers a state guarantee or bank security has to be provided if the buyer’s creditworthiness is inadequate.
For transactions with a contract value of up to EUR 5 million the assessment of the buyer’s/borrower’s creditworthiness may be based on three annual accounts drawn up according to Russian accounting standards.
If the contract value of a transaction exceeds this amount, audited annual accounts drawn up according to international accounting standards, which justify the granting of cover without any further collateral, are required.
Banks will continue to be accepted as guarantor or borrower on a case-by-case basis; some banks have been generally accepted as guarantor/borrower on the strength of their good credit rating.
Country risk category 3

No responsibility is taken for the correctness of the information provided

More detailed information on the cover policy can be found in all articles of the AGA-Report on Russia (German version only) and country information on commercial practices, business climate, market analyses, law, import procedures, customs duties can be found on the website of Germany Trade & Invest (gtai).

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The senior country advisers for Russia will be pleased to answer your questions

  • on single transaction cover: Mr Stefan Peters, phone: +49 (0) 40 / 88 34 - 95 20
    Dr. Lars Ponterlitschek, phone: +49 (0) 40 / 88 34 - 95 80
  • on revolving and wholeturnover cover: Mr Detlev Wriede, phone: +49 (0) 40 / 88 34 - 90 25
  • on economic analyses: Ms Alexandra Haas, phone: +49 (0) 40 / 88 34 - 95 53

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