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Ex-Im Bank Business Development Staff Mr. Brian Sant Angelo Other Contacts: U.S. Embassy in Russia The U.S Commercial Service Offices in Russia Russia today is fundamentally a different country from what it was 10 years ago. The country's macro-economic indicators are stronger and healthier than at any time during the last 10 years. The U.S Commercial Service offices in Moscow, St. Petersburg, Yekaterinburg and Vladivostok assist U.S. companies with successful market entry by providing professional market research and customized contact facilitation services.
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Ex-Im Bank Success Stories in Russia
Technology Ventures Inc ., of Houston, Texas, used an Ex-Im Bank working capital guarantee in 2001 to export three mobile drilling rigs and spare parts to Tatarstan, Russia, under a contract valued at almost $13 million. The company, which was established in 1992, employs 150 and has sales of $82 Ex-Im Bank supported the sale of $2.5 million of analysis and laboratory test equipment by Coretest Systems Inc. in San Jose, California to ISC Surgutneftagas, a Russian oil producer.
Ex-Im Bank issued its first guarantee involving a Russian private bank since the 1998 Russian economic crisis in 2002, approving a $3.2 million medium-term loan guarantee to support the sale of mining equipment by Copco Wagner Inc. of Portland, Oregon, for a silver mine in Magadan, Russia. The buyer is Leasing Promhold, which is wholly owned by the Russian bank, Commercial Bank Moscow Business World (MDM). In December 1999, Ex-Im Bank chose MDM as one of 15 creditworthy partners to work with to finance Russian purchases of U.S. exports. The mine, which is expected to be operational later this year, will reach a maximum capacity of 470 tons per year by 2004.
Baker Hughes's Oil Dynamics Division used Ex-Im Bank short-term insurance to export electric submersible pumps to Russia. The company is based in Tulsa, Oklahoma.
WorldBusiness Capital, Inc., a commercial finance company in Hartford, Connecticut, founded in 2003, provided $196,000 in Ex-Im Bank-guaranteed financing to Europlan (formerly Delta Leasing) in Moscow to buy equipment from three U.S. companies. Europlan will lease the equipment supplied by Freightliner LLC, Portland, Oregon; Haas Automation, Oxnard, California; and Clark Equipment Co. ("Bobcat Co."), Gwinner, Oregon, to various Russian firms.
The Russia n Children's Clinical Hospital in Moscow bought needed medical equipment from Ohio Medical Instrument Co. Inc., of Cincinnati, Ohio, and suppliers in at least 10 states in 2001 with the help of a $44.1 million Ex-Im Bank loan guarantee. The 1,023-bed hospital, which treats 15,000 children a year, will buy a magnetic resonance imaging machine, angiography equipment, a CT scanner, ultrasound and electrocardiograph equipment, kidney dialysis machines, and other supplies.
Anderson Marketing Inc., (AMI), located in Anderson, South Carolina, received a $1.35 million working capital guarantee provided by Ex-Im Bank. AMI, a producer of upholstery and other home furnishing fabrics that was founded in 1990, sells to buyers in Belgium, Germany, the Netherlands, Poland, India, and Russia, among other countries. The guarantee sustained 15 jobs and created five new jobs at AMI and a sub-supplier. The Ex-Im Bank's guaranteed loan was provided by Perpetual Savings Bank, FSB, Inc., of Anderson, using the Bank's first master guarantee agreement with a South Carolina-based bank. The master guarantee agreement standardizes the required legal documentation for all transactions with a particular lender, providing faster service.
Ex-Im Bank in Russia: Approved Transactions (FY 2002 -2005)
Last updated: January 24, 2006
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