The maximum size of government export guarantees tripled - from 50 million to $ 150 million. A decree signed on 9 April, Prime Minister Vladimir Putin of Russia, reports "Interfax".
According to Putin, by raising the amount of state guarantees for exports will be accessible to a wider range of Russian companies, RIA News.
Export gosgarantii provided by the Russian Ministry of Finance. They can receive Russian exporters and the bank issuing the credit to domestic and foreign exporters, non-resident banks and foreign States in the export of manufactured goods from the Russian authorities of a certain range. For example, in 2004, a list of products for export which could be obtained gosgarantii included, among other things, drugs, goods Chimprom and textile industries, metal and certain types of machinery and equipment.
Domestic exporters are in a crisis in need of public assistance. At the end of March, data from the Ministry became aware that the surplus trade balance of Russia for the first two months of this year dropped by half in comparison with January-February 2008 and amounted to 15.2 billion dollars. The export of goods has decreased in 1,8 times and amounted to 39 billion dollars, while imports fell by 35.3 percent to 23.8 billion dollars.
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