Russian firms use netting, gold and crypto in transborder payments, watchdog chief tells Putin
By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) -Russian companies are successfully using netting, gold, and cryptocurrency to facilitate international payments, the head of Russia’s financial watchdog told President Vladimir Putin on Tuesday. Netting involves banks managing export and import payments through verified agents, with transactions centrally balanced to ensure counterparties receive their funds. International…
