Deputy Prime Minister Arkady Dvorkovich stressed that this is done not only in the framework of import substitution, but also to support the creation of leading companies.
PRAGUE, 3 Nov. Alexander Kuranov. The priority of modern economic policy of Russia is to localize production in the country, said Deputy Prime Minister Arkady Dvorkovich.
He was present at the signing of the agreement in Prague between the Russian company “FosAgro-Cherepovets” and UniCredit Bank Czech Republic and Slovakia on the provision of loan companies to 73,4 million euros under the guarantee of insurance of the Czech export credit Agency EGAP.
“The priority of modern economic policy of Russia is to localize production in the country, — said Dvorkovich. — This is done not only in the framework of import substitution, although this is important, but the main goal is to support the establishment of leading companies. Today in this market appeared the leading company PhosAgro, Czech technological and financial leaders — Chemoprojeсt Nitrogen and UniCredit Bank Czech Republic and Slovakia. We have no doubt that the Union leadership will give the result”.
According to Deputy Prime Minister, created in the Vologda region the production of granulated urea, which involved the loan must meet the best international standards. “Reaching agreements, the signing of which we present today, is the best evidence of mutual understanding between Russian and Czech partners…. The government will continue to support similar projects in the industry with great development potential,” — said Dvorkovich.
In turn, the head of UniCredit Bank Czech Republic and Slovakia jiří Kunert said that it is the largest loan that the Bank ever provided to the Russian company under the insurance coverage of EGAP. “The Czech partners in the Russian market is still active, in particular in engineering, metallurgy and chemical industries, resulting in this deal,” said Kunert.
EGAP CEO Jan procházka, for his part, has indicated that EGAP will always continue to insure the export of high-tech equipment to Russia, “albeit with greater prudence in connection with the devaluation of the ruble”. According to him, the new deal should be of an acceptable level of risk, and from this point of view, the parties signed on Tuesday the agreement is fully consistent with the main criteria of export insurance.