Factoring market in 2024: Growth slows for the first time in a decade

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Factoring market in 2024: Growth slows for the first time in a decade
February 17th. /MEDIA TALK/. The new platform will be a digital platform that will simplify the search for partners and the conclusion of barter transactions between Russian companies and enterprises from friendly countries.

This became known from the draft plan "Key results of 2024 and priorities for 2025," RBC reports with reference to the document.

It is noted that under the conditions of sanctions pressure, barter may become an alternative way of exporting Russian products, independent of banking operations.


Photo: ru.freepik.com

According to a survey conducted by the Russian Export Center in cooperation with business associations, companies actively support the development of barter mechanisms. 21% of respondents have the greatest interest in trade with China. Turkey, Kazakhstan - 9% each, Armenia, Belarus, the United Arab Emirates, Saudi Arabia, Uzbekistan - 8% each, India - 7%, Iran - 5%, Egypt - 4% and Brazil - 3% are also named among the key partners.

Among the products that Russian businesses are ready to exchange, timber, polymers, grain, fertilizers and building materials are at the top of the list. In return, the companies expect to receive industrial equipment, cocoa, nuts, cosmetics, as well as computer components.

Earlier it was reported that the Russian Federation and Pakistan began trading through the barter system.
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