The Trade Dilemma of Sodium Cyanide in Russia: Four Russian Payment Methods

In recent years, the changes in the global political and economic situation have had a profound impact on international trade. Especially, the problem of capital collection in Russian trade has become increasingly prominent. Many Chinese enterprises are facing problems such as the inability to receive funds in a timely manner, complex procedures, and high collection costs in trade with Russia. To address this challenge, there are currently several effective solutions for collecting payments in trade with Russia that are gradually being adopted by United Chemical.

1. Using Russian Local Bank Accounts

Cooperating with local Russian banks is a viable way to solve the payment collection problem. United Chemical collects payment for goods by opening an account in a local Russian bank, avoiding the use of the SWIFT system. Take VTB Bank as an example. Even under sanctions, VTB can still ensure the safe arrival of funds in most cases.

Advantages:

• Circumvent SWIFT restrictions: Ensure the smooth arrival of funds.

• Low transaction costs: Reduce cross - border payment fees.

United Chemical has a deep understanding of the Russian banking system and relevant policies and regulations to avoid Compliance risks.

2. Local Chinese Banks: Flexible Response under Sanctions

Certain accounts opened by small domestic banks in China can receive funds from Russia, especially suitable for solving the problem of funds blocked due to sanctions.

Advantages:

• Compliance flexibility: Small banks are more flexible in dealing with sanctions. They can handle Russia - related transactions through special accounts to meet the needs of fund settlement.

• Support for verification and tax rebate: These banks usually also support foreign exchange verification and tax rebate functions, helping enterprises to complete legal fund operations.

3. Payments from Third - Party Countries: A High - Cost Solution to Bypass Sanctions

Transferring funds through third - party countries such as Kazakhstan and Kyrgyzstan can bypass direct sanctions, but it involves multiple transfers and is costly.

Advantages:

• Avoid sanctions: Transfer through a third - party country to avoid the risk of sanctions and ensure the smooth return of funds.

• High privacy: Such operations reduce the traces of direct transactions with Russia and increase the privacy of fund operations.

Suggestion:

Due to the high cost, United Chemical takes this method as an alternative solution to avoid a significant increase in capital costs due to frequent use. According to the actual situation, United Chemical should carefully calculate the overall costs to ensure that the impact of such operations on profits is within a controllable range.

4. Third - Party Payment Platforms

Some third - party payment platforms also provide convenient payment collection methods for trade with Russia. These platforms usually cooperate with multiple banks to simplify the payment process and provide enterprises with a safe and reliable payment collection channel. For example, foreign trade comprehensive service platforms such as Yishang Cross - border can provide fast and safe payment collection services for export enterprises with their cooperation with local Russian banks.

Advantages:

• Provide comprehensive services: Simplify multiple links in foreign trade transactions.

• Relatively low cost and easy to operate:

In the current complex and changeable international environment, United Chemical flexibly responds to the payment collection problem in Russia. It comprehensively utilizes multiple channels to ensure capital safety and operational efficiency. Through the analysis in this article, I hope to provide you with practical guidance and reference.

We are a Chinese supplier of Sodium cyanide, with a professional sales and service team. We can provide free consulting services for Russian customers, as well as subsequent certificate processing, payment support, after - sales service, and a one - stop procurement process.