Despite this, the sanctions do not stop Russian-Chinese trade, although they force companies to choose more complicated and more expensive payment methods.
A new round of US sanctions introduced in November has made it more difficult for Russian companies to make direct payments to China, forcing them to look for alternative, and sometimes dubious, sources. route to pay. This was reported by the Moscow Times.
China, which has been the main supplier of goods to Russia, is now actively using the services of payment agents that offer convenient payment schemes through mutual settlement to exporters who need to receive payment for on goods supplied from Russia. At the same time, some transactions are carried out according to “grey” schemes, which provide for the illegal import of goods into Russia.
The decision on sanctions, which affected more than 50 Russian banks, contributed to the increase in demand for such services. According to the statements of employees of foreign trade companies, the commission for agent services is 3%, and for goods subject to sanctions it can reach 15%.
At the same time, the sharp depreciation of the ruble creates additional obstacles: some Chinese suppliers have stopped sending goods to Russia.
Despite this, the sanctions do not stop Russian-Chinese trade, although they force companies to choose more complicated and more expensive payment methods.
We remind you that the state-owned VTB Bank, the only state-owned bank in the Russian Federation with a full-fledged branch in China, has decided to raise fees for yuan transactions.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.