Companies complained of difficulties in returning export earnings

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Companies complained of difficulties in returning export earnings
January 20th. /MEDIA TALK/. After the introduction of the US sanctions package, which restricts the activities of almost a hundred financial organizations, a number of Russian companies had difficulties returning income in foreign currency, RBC reports, citing industry experts.

Among the most common problems are delays in making payments, freezing of foreign currency accounts, and increased costs of international transactions. The problems with calculations have had a particularly strong impact on enterprises specializing in the export of raw materials and complex technical equipment.


Photo: ru.freepik.com

According to experts, companies exporting Russian products abroad may face delays in returning more than 30% of their annual turnover stored in accounts with foreign banks. Such an amount of funds may adversely affect the economic stability of enterprises and their ability to continue working.

In early January 2025, the U.S. Treasury Department's Office of Foreign Assets Control authorized transactions with several banks, including Sberbank, VTB, Gazprombank, Alfabank, Sovcombank, and others. However, this decision is temporary.
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