EconomyUp to 70% of Russia’s import payments handled outside banking system through intermediaries
Russian companies route as much as 60-70% of import payments outside the banking system through intermediaries, Russian Union of Industrialists and Entrepreneurs Vice President Alexander Murychev said at a forum in St. Petersburg. He said businesses need a systemic solution and cited domestic payment infrastructure and barter arrangements among the priorities.
Up to 70% of Russia’s import payments handled outside banking system through intermediaries