Cross-border transactions

Current challenges with transactions

International banks stop processing transactions related to Russia and/or Belarus
  • Impossible to pay for goods and services of counterparties (both directions)
  • Outstanding Intercompany debts
  • Impossible to make a contribution to assets of a company or finance Branch / Representative office
  • Challenging to pay personnel in Russia
Challenges with banks in Russia and Belarus
  • International Banks discontinue operations in Russia
  • Corporate bank included into sanctions list
  • No longer possible to operate corporate bank account, or to open new bank account in other bank
  • Have to ensure payments of local taxes, remaining employees, office rental, etc.

WHAT YOU GET

TAILOR MADE SOLUTIONS AND EXPERT REVIEW

SCHNEIDER GROUP offers individual tailored, compliant solutions for our client’s specific situations that allow you to operate in a smarter, more agile way.

We understand the changing situation in international transactions. We review legal, customs, tax and currency control aspects of your transaction and offer real workable solutions that are in line with all relevant requirements.