How to collect payment from Russia?How to collect Russian offshore RMB? How to collect Russian USD and RUB? Russia collection strategy How to collect payment from Russia?How to collect Russian offshore RMB? How to collect Russian USD and RUB? Russia collection strategy

Post Time:2024-09-02 10:20:18  |  Visits:0
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Since Russia has been sanctioned by the United States, it has been difficult to send foreign dollars from Russia, and only a handful of domestic banks can receive foreign dollars from Russia. Without the consent of the United States, or if the bank’s international business strength is insufficient, bank will not be willing to participate into the Russian business.

However, even if the US dollar channel cannot do remittance, the RMB channel is the second choice. Therefore, in recent years, many foreign trade enterprises doing business with Russia are traded in RMB.

It is expected to avoid the dollar and bypass the US-controlled SWIFT system to do unimpeded international trade, but it began to change in February 2024. We have received the news that domestic banks have stopped the trade with Russia, some banks even interrupted the capital channel between Russia and China, and even Yiwu Bank, which is in the forefront of foreign trade, also refused to accept the payment from Russia. As the international situation becomes increasingly tense, everything seems to be moving towards the past way of Iran.

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