{"id":1738,"date":"2025-06-04T05:25:58","date_gmt":"2025-06-04T05:25:58","guid":{"rendered":"https:\/\/www.iiiem.in\/blog\/?p=1738"},"modified":"2025-06-04T05:25:58","modified_gmt":"2025-06-04T05:25:58","slug":"exporting-to-russia","status":"publish","type":"post","link":"https:\/\/www.iiiem.in\/blog\/exporting-to-russia\/","title":{"rendered":"Exporting to Russia"},"content":{"rendered":"<p><strong>Russia, or the Russian Federation,<\/strong> is a country spanning Eastern Europe and North Asia. Mostly it is a part of Asia as per the Geographical sets.<\/p>\n<p>It is the largest country in the world, and extends across 11 time zones, sharing <strong>land borders with fourteen countries.<\/strong><\/p>\n<ul>\n<li><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1740\" src=\"https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/Russia-Basic.png\" alt=\"\" width=\"630\" height=\"584\" srcset=\"https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/Russia-Basic.png 630w, https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/Russia-Basic-300x278.png 300w\" sizes=\"auto, (max-width: 630px) 100vw, 630px\" \/><\/li>\n<\/ul>\n<h3>Russia\u2019s GDP is from<\/h3>\n<ul>\n<li>service sector accounts for roughly 57%,<\/li>\n<li>industrial sector (30%),<\/li>\n<li>agricultural sector is at 3% of total.<\/li>\n<\/ul>\n<p>Russia&#8217;s foreign exchange reserves are the fourth-largest in the world. This was before the Sanctions on Russia during the Russia \u2013 Ukraine war.<\/p>\n<p><strong>In spite of Sanctions on Russia, the economy grew at 38% in the last quarter of 2024.<\/strong><\/p>\n<p>Russian Federation is under UN &amp; WTO sanctions. More than 20,000 sanctions are levied on Russia. This means, as per the UN &amp; WTO etc., (International Trade Bodies) doing business with Russia is prohibited.<\/p>\n<p><strong>Even with Russia under sanctions, Indo-Russia are in trade relations.\u00a0<\/strong><\/p>\n<h3>The bilateral opportunities between India and Russia in terms of Trade<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-1742\" src=\"https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/Indo-Rus-Map.png\" alt=\"\" width=\"562\" height=\"346\" srcset=\"https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/Indo-Rus-Map.png 717w, https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/Indo-Rus-Map-300x185.png 300w, https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/Indo-Rus-Map-660x406.png 660w\" sizes=\"auto, (max-width: 562px) 100vw, 562px\" \/><\/p>\n<h3><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1741\" style=\"font-size: 16px; font-weight: 400;\" src=\"https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/India-Exports.png\" alt=\"\" width=\"728\" height=\"498\" srcset=\"https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/India-Exports.png 728w, https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/India-Exports-300x205.png 300w, https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/India-Exports-660x451.png 660w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/h3>\n<h3><strong>How to Export to Russia (Maritime Routes)<\/strong><\/h3>\n<p>We give here TWO options.<\/p>\n<p><strong>Route 1\u00a0 &#8211; Chennai to Vladivostok<\/strong><\/p>\n<p><strong>Route 2 &#8211; Mumbai to St. Petersburg.<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-1746\" src=\"https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/2-1-1024x566.png\" alt=\"\" width=\"665\" height=\"368\" srcset=\"https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/2-1-1024x566.png 1024w, https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/2-1-300x166.png 300w, https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/2-1-768x424.png 768w, https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/2-1-660x365.png 660w, https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/2-1.png 1224w\" sizes=\"auto, (max-width: 665px) 100vw, 665px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1743\" src=\"https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/Indo-Russ-Route.png\" alt=\"\" width=\"636\" height=\"439\" srcset=\"https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/Indo-Russ-Route.png 636w, https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/Indo-Russ-Route-300x207.png 300w\" sizes=\"auto, (max-width: 636px) 100vw, 636px\" \/><\/p>\n<p><strong>Even with Russia under sanctions, Indo-Russia are in trade relations.\u00a0<\/strong><\/p>\n<h3>Our Recommendation is:<\/h3>\n<ul>\n<li><b>Payment <\/b><b>\u2013 Advance or LC at Sight<\/b><\/li>\n<li><b>Incoterm<\/b><b> \u2013 FCA \/FOB or CIF \/ CIP<\/b><\/li>\n<li><b>Use INR \u2013 Ruble currencies<\/b><\/li>\n<\/ul>\n<p><strong>Payment Methods<\/strong><\/p>\n<ul>\n<li><b>The Rupee Accounts <\/b>have been opened by Russian banks in 14 Indian commercial banks, including <b>UCO Bank, State Bank of India, HDFC Bank, Yes Bank, IDBI Bank, Punjab National Bank, Axis Bank and <\/b><b>Canara<\/b><b> Bank<\/b>.<\/li>\n<li><b>Russian Bank &#8211; <\/b><b>Sberbank<\/b> <b>has been operating in India since 2010 with its New Delhi branch<\/b>. A new branch was opened in Mumbai, the financial capital of India, in 2023.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1747\" src=\"https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/Russia-2.png\" alt=\"\" width=\"557\" height=\"415\" srcset=\"https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/Russia-2.png 557w, https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2025\/06\/Russia-2-300x224.png 300w\" sizes=\"auto, (max-width: 557px) 100vw, 557px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. Mostly it is a part of Asia as per the Geographical sets. It is the largest country in the world, and extends across 11 time zones, sharing land borders with fourteen countries. Russia\u2019s GDP is from service sector accounts for roughly\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.iiiem.in\/blog\/exporting-to-russia\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":1739,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iiiem"],"_links":{"self":[{"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/posts\/1738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/comments?post=1738"}],"version-history":[{"count":1,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/posts\/1738\/revisions"}],"predecessor-version":[{"id":1748,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/posts\/1738\/revisions\/1748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/media\/1739"}],"wp:attachment":[{"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/media?parent=1738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/categories?post=1738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/tags?post=1738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}