The export center that fell under the sanctions assured the continuation of the work of the

Russian EXPORT Center, the day before included in the US sanctions listwill continue its work, the company said. They count on “a balanced and constructive position of partners,

Inclusion in the OFAC SDN sanctions list (sanctions list of the US Department of the Treasury; provides for the blocking of assets, isolation from the DOLLAR system. -) does not mean a halt in the activities of Russian Export Center JSC (REC), the center was preparing for such a development of the situation, fulfills all current obligations and will continue to support exporters, its CEO Veronika Nikishina assured RBC.

The day before, on February 22, the United States announced the imposition of sanctions against Russian financial institutions - VEB and the "military bank" PSB, as well as their structures, after RUSSIA recognized the independence of the Donetsk and Luhansk People's Republics and agreed with them on partnership, including military .

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“This decision (on the imposition of sanctions. -) did not take us by surprise, and this in no way means a stop to our work. We will fulfill all our obligations and have already formed a set of those tools that will allow us to continue to provide the functionality provided for exporters. How we will do this is our internal history, but we were preparing for such a development of the situation. Exporters can count on us, as before,” Nikishina said. She did not elaborate on what kind of tools we are talking about.

REC, part of the VEB.RF group, was established in 2015 as a state institution to support non-commodity exports. The REC group includes Russian Export Center JSC, EXIAR JSC, Eximbank JSC, which operate under a single brand and represent a “single window” for Russian companies applying for export support. The Center provides exporters with financial support measures (crediting, insurance, bank guarantees), as well as non-financial support, interacts with the relevant authorities, prepares proposals for improving the conduct of export activities, interacts with business and experts and helps to overcome barriers and remove "systemic" restrictions, indicated on the website of the center. In addition, the REC coordinates the activities of Russian trade missions abroad related to the support of export projects.