Banks in Armenia, Kazakhstan and Hong Kong have begun to block payments on commodity terminology for delivery to Russia due to the risk of sanctions. In this respect writer Kommersant, citing the source.
According to publication sources, in the past two weeks, cases of Kazakh, Armenian and Hong Kong banks blocking payments from Russian legal entities according to the commodity naming code, which includes processors, microcircuits and other components, have increased steadily. . This is due to the 10th package of US sanctions, which threatens banks cooperating with the Russian Federation.
One of the newspaper’s interlocutors pointed out that for this reason, companies from Russia would have to import the necessary components to the country under other product terminologies, which are alternatives to the main terminology. In addition, it is likely that banks will begin to “manually” control all incoming payments from the Russian side.
Market experts assessed that the country could face a shortage of sanctioned products, taking into account the increasing complexity of purchasing required components even through third countries within a year at the most.
May 24, Deputy Prime Minister, Head of the Ministry of Industry and Trade Denis Manturov declarationthat the department will reduce the list of brands allowed to be imported into Russia for parallel import without the permission of the copyright holder.
Source: Gazeta
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