Cases
Paying for a heavy machinery delivery to Georgia under sanctions
Heavy machinerySanctions restrictions
The client sells construction machinery in Russia and was paying for a delivery to Georgia. A direct payment wouldn't go through because of sanctions restrictions on the recipient's side.
The problem
- The machinery being supplied is under sanctions in Russia — a direct transfer is impossible
- Georgian banks don't accept payments from countries where the brand has no official presence
- A route was needed through a jurisdiction whose payments Georgian banks do accept
What we did
- Signed an agency agreement under their supply contract
- Picked the right jurisdiction — Tajikistan (a clean, official source of payment for Georgian banks)
- Prepared all the contractual documentation
- Ran the payment through our partner company
The result
- The funds reached the Georgian supplier, and the crediting was confirmed
- The payment went through along the route via the chosen jurisdiction
- The client kept the supply on track and continued under the contract
Takeaway
Sanctions restrictions on the recipient's side don't always close a deal: the contract settlement went through an agency agreement, a partner company and a jurisdiction acceptable to the recipient's bank.