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In Russia, they have prepared instructions for business barter payments

Photo: RosZMI

Barter agreements allow the exchange of goods and services with foreign companies without conducting international financial transactions, the deputy minister said.

The Ministry of Economic Development of the Russian Federation, on behalf of the First Deputy Prime Minister Andrei Belousov, developed a step-by-step instruction “Navigator for foreign trade barter agreements”, as problems arose in making international payments. The Russian edition of Vedomosti writes about it in relation to the document.

The instructions contain a list of types of barter, as well as recommendations for determining prices for the export of Russian goods for barter transactions. The eight steps for arranging barter are described in detail, giving examples of typical barter contracts, and also providing a list of documents required for such transactions.

As noted by the Deputy Minister of Economic Development of the Russian Federation, Vladimir Ilyichev, barter agreements allow the exchange of goods and services with foreign companies without conducting international financial transactions.

It was previously reported that Russia spent $12 billion on aviation due to sanctions.

“Impact of sanctions”: the Russian airline has four incidents with engines
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Source: korrespondent

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