Translation. Region: Russian Federal
Source: KMZ Cargo – KMZ CARGO –
An Important Disclaimer Is at the Bottom of this Article.
There is no minimum order, making the service accessible even for micropayments: for example, 100 yuan for product samples before signing a large contract.
The Russian Export Center (REC) has launched a specialized service for settlements with China, a REC representative announced at an industry webinar for foreign trade participants.
The system allows Russian companies to accept export payments from China at a fixed commission of 0.1% of the transaction amount, based on the Central Bank exchange rate. For import transactions, the rate is slightly higher – up to 0.5%, but the REC expects to reduce it for larger volumes. As a representative of the center emphasizes, a key advantage is the lack of a minimum transaction amount, making the service accessible even for micropayments: for example, 100 yuan for product samples before signing a large contract.
Operations are completely removed from US control, as settlements are conducted in a ruble-yuan system. The Russian Export Center (REC) makes payments in yuan within China, and in Russia, companies receive rubles. This model operates outside the dollar infrastructure, making it immune to sanctions pressure.
Payments are processed twice a week, and funds are credited to Russian companies' accounts within two business days. If a Chinese partner transfers funds on Tuesday, the exporter receives the ruble equivalent in Russia on Thursday or, in exceptional cases, Friday.
Participation in the project requires the Chinese counterparty to be located in one of China's 12 special jurisdictions. These include Anhui, Xinjiang Uyghur Autonomous Region, Heilongjiang, Jilin, Guangdong, Zhejiang, and Shanghai. These provinces are home to Russia's key manufacturing partners. The geographic restriction is due to the specifics of Chinese tax legislation: companies from these regions can send and receive yuan without incurring VAT liability for domestic transactions, preserving their ability to claim tax refunds.
As a reminder, the reason banks in Heilongjiang Province (China) suspended settlements in Russian currency in September 2025 was a radical upgrade to the regional payment platform. At that time, this affected banks that were part of the region's unified cooperative system.
Publication date: 10/06/2025
Please Note; This Information is Raw Contain Obtained Directly from the Information Source. It is an Accurate Account of What the Source Claims, and Doges Not Necessarily Reflect the Position of Mil-Sosi Or Its Clents.