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Informing today's market
Financing tomorrow's trade
Soft Commodities Trader
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Metals Trader
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
Energy Trading Group
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Clothing company
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
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Informing Today’s Market, Financing tomorrow’s Trade.
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Exporting to Russia
Russia Country Profile
Official Name (Local Language) Rossiyskaya Federatsiya
Capital Moscow
Population 142,355,415
Currency Russian Rouble
GDP $1,268 billion
Languages Russian
Phone Dial In 7
Russia Imports Profile
Imports ($m USD) 228,213
Number of Import Products 4,428
Number of Import Partners 221
RussiaEconomic Statistics
Government Website | https://www.gov.ru |
| Sovereign Ratings | https://countryeconomy.com/ratings/russia |
| Central Bank | Central Bank of the Russian Federation |
| Currency USD Exchange Rate | 68.06 |
| Unemployment Rate | 5.3% |
| Population below poverty line | 13.3% |
| Inflation Rate | 5.8% |
| Prime Lending Rate | 10% |
| GDP | $1,268 billion |
| GDP Pro Capita (PPP) | $26,100 |
| Currency Name | Russian Rouble |
| Currency Code | RUB |
| World Bank Classification | Upper Middle Income |
| Competitive Industrial Performance | 43/138 |
| Corruption Perceptions Index | 31/180 |
| Ease of Doing Business | 135/190 |
| Enabling Trade Index | 111/136 |
Access trade, receivables and supply chain finance
We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.
Get StartedExporting to Russia
Russia is the most resource-rich country on Earth with more than 30% of the world’s natural resources; their imports have reduced dramatically in recent years with the fall of world oil prices. While real disposable income in the country rose by 160% between 2000 and 2012, bringing a significant rise in living standards, commentators have discussed that the country is now close to a recession. Main imports to Russia include food (13% of total imports) and ground transports (12 %) along with pharmaceuticals, textiles, footwear, plastics, and optical instruments. Main import partners are China (19%), Germany (13%), the United States (5%) and Italy (5%).
Exporting to: What is trade finance?
Stock finance is a revolving facility which alternative financiers offer – it enables companies to purchase stock and can help ease the pressure from cash management.
Generally, an export finance bank will fund all of the cost of the product, including charges (e.g. delivery costs).
Trade finance offers advantages over more traditional bank finance including bridging mortgages or loans. Trade finance provides quick funding without affecting existing bank relationships.
How does it work?
If you’re an SME importing or exporting stock internationally, then a trade finance facility would assist your company to fund this through offering a letter of credit (LC) or some form of cash advance.
I’m looking to export to Russia, how can Trade Finance Global help, and how does it work?
If you are looking to export inventory to other markets, you may require export finance, which is a commercial agreement between yourself (the exporter), and the importer. A non-bank lender would advance you the cost of producing the inventory that you are exporting (as a debt product), either once you have shipped the goods, or before you have produced them. Once the importer has received the inventory and pays you for the import, you will repay the advance loan from the funder over an agreed period.
Chart Showing GDP Growth Compared to rest of world
GDP Composition for Russia
Agriculture
4.7%
Grain, sugar beets, sunflower seeds, vegetables, fruits; beef, milk
Industry
33.1%
Coal, oil, gas, chemicals, and metals; all forms of machine building from rolling mills to high-performance aircraft and space vehicles; defense industries (including radar, missile production, advanced electronic components), shipbuilding; road and rail
Services
62.2%
Map
Top 5 Import Partners
| Country | Trade | % Partner Share |
| China | 48,373 | 21.20 |
| Germany | 22,744 | 9.96 |
| United States | 12,59 | 5.52 |
| Belarus | 10,692 | 4.68 |
| Italy | 9,841 | 4.31 |
Top 5 Import Products
| Export Product | Number |
| Transmission apparatus, for radioteleph incorpo | 3.7% |
| Other medicaments of mixed or unmixed products, | 3.5% |
| Aircraft nes of an unladen weight exceeding 15, | 3.5% |
| Machinery for liquefying air or other gases | 3.0% |
| Parts and accessories of automatic data process | 2.9% |
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