Cases
Returning export revenue for a cosmetics exporter to Europe
ExportCosmeticsRevenue at CBR rate
The company makes natural cosmetics and supplies them to Europe, but ran into trouble bringing its foreign-currency revenue back.
The problem
- The European buyer couldn't transfer the revenue directly into Russia
- Returning the currency revenue under the contract was blocked
- The exporter needed the money in rubles, with no compliance issues
What we did
- Used an agency contractual setup under the export contract
- Received the buyer's funds into our company in Hong Kong
- Paid the client in rubles the next day
- Returned the export revenue at the CBR rate
The result
- The exporter received its revenue in rubles
- The revenue was returned at the CBR rate
- The payment from Europe was accepted and processed correctly
- The client was paid out the very next day
Takeaway
Through an agency structure and currency intake in Hong Kong, we return exporters' revenue in rubles at the CBR rate — fast and within the law.