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Russian SME purchasers can now make transfers with out double conversion, which simplifies the work on international commerce contracts with India.
The mechanism of direct settlements permits to repair the worth of a product and the fee within the nationwide foreign money, and to obtain particular person quotes on market phrases.
It additionally eliminates preliminary coordination of the transactions, in line with the VTB’s press service.
9 Russian banks, together with VTB, opened particular vostro accounts in India to facilitate Russian-Indian commerce in November 2022. Sure Indian banks opened particular Vostro accounts for commerce with Russia.
VTB Financial institution and its subsidiaries kind a number one Russian monetary group – VTB Group uniting VTB banks situated in several international locations and providing a variety of company banking companies and merchandise.
