Bangkok - The state-run Export-Import Bank of Thailand on Tuesday opened a branch in Moscow to facilitate Thai-Russian trade.
The Moscow branch, the Thai EXIM International Co, is to provide Thai exporters with advance payment bonds, trade facilitation, business-matching services and act as a middleman in "arranging proper protection for undeliverable Thai export goods left unattended at a Russian port," Thai Deputy Finance Minister Pruektichai Damrongrut said in a statement.
The state-owned Export-Import Bank was set up to promote Thai trade abroad, especially in new markets.