Russian companies are increasingly facing refusals from Central Asian banks to make payments. In July, their share increased to 30%, according to data from the analysis of transport companies Digital VED, Logita Trade, PEK and GTL.
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As RBC writes in reference to the revision, the trend affected Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. The deadline for making payments has also been increased by 15%.
Foreign banks have increasingly started to request additional documents and clarifications (various data about the company, founders, clients and sources of funds), says Roman Romashevsky, PEK’s financial director. He explained that the difficulties have been observed since the second quarter of the year; they are related to payments in national currencies.
Logita Trade CEO Tatyana Alekseeva adds that the overall situation is unstable: a bank can successfully process a payment for a small batch of goods worth $10,000, while a transaction worth $50,000 can be cancelled.
According to Anna Fomicheva, founder of Digital Foreign Economic Activity, the most frequent difficulties are associated with payments through these banks to other countries, including China.
The increase in the number of rejections is also noted by the CEO of the payment aggregator CDEK Pay. The company is faced with an increase in the time frame, an increase in the number of refunds and refusals in transfers, and limits on the amounts with which transactions can be made.
Author:
Natalia Gormaleva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
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