Alexey Ryazantsev, co-owner and president of FlameGroup, in a conversation with Reedus about purchasing electronics from China commented News that banks in the United Arab Emirates (UAE) have begun limiting payments from Russian companies for imports of Chinese electronics.
According to him, despite reports of payments being blocked by Chinese banks, not all financial institutions in China do this.
“Some goods are paid for, some are not delivered. “It depends on the bank and its internal policy, which of them can attract anything,” Ryazantsev said.
He added that the easiest way to make payments through an intermediary state is through banks in the CIS countries.
How reports According to Kommersant, in August UAE banks began limiting payments from Russian companies for electronic components and consumer electronics.
Previously, the UAE was the main channel for Russian importers to pay for equipment imported from China. The fact is that Chinese banks began to block electronic payments in the spring due to sanctions risks. But recently, secondary sanctions risks have complicated this commodity-money chain.
Previously Russian business collided There are problems with payment through banks in Central Asia.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.