Major restrictions on remittances will lead to Russia’s foreign trade halving by 2023, reaching $255 billion, and by 2024 the country will not be able to collect even half of this amount. About this NSN It has been said Georgy Vlastopulo, General Director of Optimal Logistics.
“Also, the biggest problem is that the cost of transactions and delivery of money to the final recipient has increased. This complicates supply chains and leads to an increase in the prices of goods by 12-15 percent,” he said.
He recalled that there are difficulties in transferring funds in all countries with which Russia cooperates. According to him, the biggest difficulties are in trade with China, because “the yuan is practically blocked.”
On July 19, it was reported that the Wio digital bank operating in the United Arab Emirates (UAE) began operating. stopped We accept money transfers in dirhams from individuals from Russia. Wio has stopped accepting dirhams from Russia, as well as dollars and euros from Kazakhstan.
A customer service representative of the bank explained the refusal to credit the funds to the bank’s internal policy. Experts noted that if other banks make similar decisions, Russians will not have non-cash methods of transferring money to the UAE.
Previously, Russia and China increased Mutual trade volume.
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Source: Gazeta
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