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EGFI Offers $800m in Guarantee to Boost Exports to EEU States

EGFI Offers $800m in Guarantee to Boost Exports to EEU States
EGFI Offers $800m in Guarantee to Boost Exports to EEU States

The Export Guarantee Fund of Iran is offering up to $800 million in guarantees for export to the Eurasian Economic Union member states, the export agency's director said.
"Issuing guarantees for export with the help of peer state organizations in EEU countries is among EGFI supportive measures to help protect Iran's foreign trade," Abdollah Sajjadi said, referring to restrictions on banking ties between Iran and other countries due to the US economic blockade, IRNA reported. 
Except for Kyrgyzstan, all EEU members have export credit agencies. "We have signed agreements with them to facilitate trade." The official said covering “political and commercial risks” is among the EGFI measures. 

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