Bank "Derzhava" started opening type "C" accounts for customers to pay off debts to non-residents
Derzhava Bank has expanded its product line with "C" type settlement accounts for the fulfillment of obligations of residents of the Russian Federation to non-residents* for certain transactions. Accounts are opened in Russian rubles.
From April 2022, Derzhava Bank opens accounts in yuan for clients and provides its clients with the opportunity to make international payments using a letter of credit form of payment.
* foreign creditors that are foreign persons associated with foreign states that commit unfriendly actions against the Russian Federation, Russian legal entities and individuals, or persons that are under the control of these foreign persons.