“OKOMA Logistics” company offers to Russian importers the opportunity to make payments to suppliers in US dollars, euros, yuan, Turkish liras, UAE dirhams, including to the European countries, as well as to the USA and Canada. Considering the presence of “OKOMA Logistics” in different regions, its separate divisions can act as a financial intermediary in relations with foreign counterparties.
In addition, you should at once take into account that the timing of payments has increased, and, for instance, a payment to Europe can take 7-12 days.
That is before making a cross-border payment, you need to take into account and consider the following:
- Counterparty country
- Recipient’s bank
- Correspondent bank
- Payment currency
Each of these points may cause a refusal of payment or even the “freezing” of part of the current assets in an American and/or European account. Therefore, today preparation for mutual payment settlements is rather a complicated process for Russian counterparties.