Chinese companies have begun to refuse direct supplies of goods to Russia.

As Izvestia writes, citing experts and market participants, the supply of goods from China has become more complicated since mid-July: now the PRC’s partners require logistics via third countries.

According to Ilona Gorsheneva-Dolunts, Opora Russia’s representative in China, the problems mainly concern products included in the list of exclusions from foreign economic activity, such as electronics.

Alexey Razumovsky, commercial director of Impaya Rus, adds that suppliers simply present buyers with a fait accompli.

Ekaterina Kizevich, CEO of the importing company Atvira, explains that companies that cannot accept payments through Chinese banks insist on shipping via third countries.

In July, Chinese financial institutions began dividing the yuan into “clean” and “dirty” ones. The latter are somehow related to Russia and banks do not want to work with them.

As an alternative, Russian companies began processing payments through small regional Chinese banks, but soon began to reject transactions. As market participants noted, payments are not made in 98% of credit institutions.

As Kizevich explains, routes through other countries have not yet been “tested”;

Razumovsky adds that the use of alternative routes entails higher costs as agent fees are added. These trends will lead to an increase in the final price of goods and a decrease in supply volumes.

In August, Russia tried to curb the rise in prices for electronics. Thus, FAS appealed to sellers of electronics and household appliances with a proposal to independently limit margins. The service’s recommendations have already been followed by Citylink and DNS.