Russian business cannot return its revenue from abroad: what threats does this pose?

20 January 2025, 16:17 | Economy
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After the United States tightened sanctions against the Russian banking sector, almost a third of the foreign exchange earnings of Russian companies are stuck abroad - exporters cannot return it to the country. What negatively affects the companies of the aggressor country - after all, this significantly affects their ability to conduct further activities, including import purchases.

In particular, problems with payments had a particularly negative impact on companies operating in the field of commodity exports. As well as high-tech equipment, Russian media reports.

" You have to change the bank to another one that is not yet on the SDN list. However, foreign banks may refuse to make payments to the accounts of even non-sanctioned credit institutions if they see the risks of sectoral sanctions,” the report says..



In general, it is stated that delays in the return of foreign currency earnings will have a detrimental effect on the further activities of Russian companies. After all, they will lead to a slowdown in the import flow to Russia.

The fact is, it is noted that due to the current situation, many exporters are forced to limit settlements with their counterparties. Therefore, contractors will not be able to start new import deliveries.

Let us remind you: the United States introduced sanctions against the banking sector of the Russian Federation at the end of November 2024. The restrictions included:.

Based on materials: invite.viber.com



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