A statement from the Russia-Indonesia Business Council received by ANTARA here on Thursday said that the agreement was signed by Aleksey Tyupanov, the EXIARs Director General, who is also the Director of Russian Export Center, and Eko Santoso, the Director of Asuransi ASEI Indonesia, at the forum held on October 31, 2016.
This agreement provides insurance support for Russian and Indonesian companies that are involved in joint projects.
In addition, the agreement provides mutual insurance for exporters of both countries through a risk-sharing mechanism.
The establishment of risk-sharing platform serves as an encouragement for carrying out projects in economic sectors and strengthening trade and economic relations between Russia and Indonesia.
The Russia-Indonesia Business Forum was attended by the Russian Federation Minister of Industry and Trade, Denis Manturov; the Indonesian Minister of Maritime Affairs and Fisheries, Susi Pudjiastuti; the Indonesian Coordinating Minister for Economic Affairs, Darmin Nasution; and the Russian Federation Ambassador Extraordinary and Plenipotentiary to Indonesia, Mikhail Galuzin.
The forum was participated by 150 delegates from Indonesian companies and 100 representatives from Russian companies, including Russian Railways, United Shipbuilding Corporation, Rosneft, Rusal, Rusnano and Rostech.
The Russia-Indonesia Business Council is a non-governmental organization which was established to bring together Russian and Indonesian businesses.
Its main mission is to develop a mutually beneficial business relationship in order to strengthen and expand economic trade, investment and scientific cooperation between the two countries.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2016
