Abroad Will Help Us: New Rules of the Game in International Payments
The world is opening up again: payment infrastructure is expanding
In the first six months of 2025, Hlynov Bank tripled its network of partner banks. This is not just a number but a signal to the market: more and more foreign financial institutions are willing to work with Russian businesses. In terms of stability, small Chinese banks are leading the way, increasingly ready to accept payments from Russia.
Compliance has become more flexible: returning to direct settlements
Great news: compliance controls at foreign banks are becoming more lenient. If the payment recipient is the direct manufacturer of the goods and the funds are for a specific shipment, the chances of a successful transaction increase.
A real-world example: one of Hlynov’s clients was able to abandon agency schemes and return to traditional settlement methods after payments in Turkish lira resumed in July.
National currencies — the new norm
The dollar and the euro are gradually giving way to direct settlements in the national currencies of partner countries. In July Hlynov Bank launched direct payments to Serbia, Brazil, Laos and Thailand. What this means for businesses: lower conversion costs and greater financial independence.
“To reduce costs and improve contract efficiency, we recommend conducting preliminary monitoring of payment routes. For an accurate selection of the best option, a full package of transaction documents is required. In practice, our solutions enable clients to switch to more advantageous and secure payment channels,” said Svetlana Voronova.
A reliable partner — a guarantee of successful international trade
Hlynov Bank is actively developing its infrastructure to offer businesses relevant solutions amid a changing external environment. Expanding the partner network, working with national currencies, and expertise in navigating compliance are what companies need for confident growth on the international stage.
Would you like to open a foreign currency account and learn the detailed terms of service at Hlynov Bank? Submit an application at bank-hlynov.ru.
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Abroad Will Help Us: New Rules of the Game in International Payments
The landscape of international trade is changing rapidly, and new opportunities are replacing old challenges. Svetlana Voronova, head of the foreign-exchange operations department at Khlynov Bank, explained what companies can expect in foreign economic activity (FEA) in the near future and how to benefit from it.