Mikhail Kasyanov Thinks Important Agreement On Insurance Of Czechia-russia Exports

Russian Prime Minister Mikhail Kasyanov believes that Russia's Vneshtorgbank and the Czecho-Slovak Trade Bank have concluded an important agreement on cooperation in pre-export financing of Czech commodities and services supplies to Russia. Asked by journalists on Tuesday, Kasyanov stressed that this sets a mechanism for the insurance of export risks. To him, without financial backing trade cannot go on. Usually, governments undertake such risks. Russia and Czechia have opted for a different way: market scheme. It stimulates private enterprise and supports export, stressed Kasyanov.

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