Guide to SWIFTBIC Codes for Russian Banks

Guide to SWIFTBIC Codes for Russian Banks

This article provides a comprehensive guide to obtaining the SWIFT/BIC codes for Russian banks, highlighting the importance of these codes in ensuring the safety and timeliness of international remittances. It also introduces methods for finding the codes and explains their relationship with IBAN, helping senders avoid common mistakes and successfully complete their transfers.

Russian Customs Struggles with Rigid Performance Metrics

Russian Customs Struggles with Rigid Performance Metrics

The Russian customs performance evaluation system faces issues such as complex and rigid indicators, and an overemphasis on results rather than processes, leading to inefficient resource allocation and difficulty in meeting public needs. This paper suggests building a scientific performance evaluation system by clarifying assessment goals, simplifying the indicator system, introducing external evaluation, and strengthening process management. The aim is to improve customs efficiency and transparency.

Ozon JD Logistics Boost Russian Crossborder Ecommerce

Ozon JD Logistics Boost Russian Crossborder Ecommerce

Ozon has partnered with JD Logistics to launch a pre-positioned warehouse delivery model and has opened a fulfillment center in Dongguan, significantly reducing cross-border logistics time to within 14 days. Ozon also plans to expand the number of pick-up points to improve logistics convenience. These initiatives aim to enhance user experience, expand market share, and bring new development opportunities for cross-border e-commerce sellers.

01/07/2026 Logistics
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Ozons Nasdaq Exit Shakes Russian Ecommerce Market

Ozons Nasdaq Exit Shakes Russian Ecommerce Market

Russian e-commerce platform Ozon announced its delisting from Nasdaq, where its stock trading had been suspended. The company states that the delisting will not affect its business operations, but losing access to US equity financing channels may pose challenges. This event reflects the impact of geopolitical risks on companies listed overseas and is a point to consider for cross-border e-commerce businesses. The delisting highlights the volatility and potential risks associated with international listings in the current global climate.

Export Risks Rise Over Minor LC Discrepancies

Export Risks Rise Over Minor LC Discrepancies

This paper explores compliance risks in export trade under letters of credit, stemming from issues such as incorrect cargo descriptions and inconsistencies in bill of lading (B/L) information. It emphasizes the importance of documentary consistency and provides recommendations for B/L operations under US sanctions against Iran. Export companies should pay attention to detail and strengthen risk management practices to avoid discrepancies and ensure compliance with international regulations and sanctions. Careful scrutiny of documents is crucial for mitigating potential financial and legal repercussions.

Wildberries Expands Free Delivery to Attract Russian Shoppers

Wildberries Expands Free Delivery to Attract Russian Shoppers

Russian e-commerce giant Wildberries has launched a summer promotion offering free home delivery to new and long-inactive users, aiming to attract new customers and improve service experience. Previously, Wildberries has implemented several logistics innovations, such as 24-hour free delivery and free home delivery for oversized items. This initiative is expected to enhance its competitiveness in the Russian e-commerce market.

11/03/2025 Logistics
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