The Export Guarantee and Insurance Corporation (EGAP) has insured exports to Russia worth almost CZK 3bn. The spokesperson for EGAP, Hana Hikelová, has told ČIANEWS that the insurer has insured PhosAgro Cerepovec, for which Czech exporter Chemoproject Nitrogen is designing and will deliver EPCM-based production unit for granulated urea with the capacity of 1,500 tons per day. Czech share on the contract exceeds 50%. UniCredit Bank is the financing bank. EGAP’s involvement in Russia totals CZK 55bn.