Russian collection and payment problem and impact

The geopolitical conflict between Russia and the West has led to severe economic sanctions, which have caused a lot of trouble for Russian companies to receive and pay. Faced with this challenge, enterprises need to quickly adjust their response strategies and find new payment channels and methods.

Industries such as import and export trade, energy, finance and other industries are the most affected, many multinational companies have been forced to suspend or reduce business in Russia.

Businesses and individuals are forced to make more cash payments, increasing operational costs and risks.

Try to use alternative channels such as RMB and cryptocurrencies to spread the payment risk. Improve flexibility and resilience.

Best Regards