Russia’s Sberbank launches letters of credit in yuans
Business & Economy
November 18, 2014, 10:48
The deals envisage delayed payment for import contracts denominated in yuans
MOSCOW, November 18. /TASS/. Russia’s biggest lender Sberbank has launched yuan-denominated letters of credit, the bank said in a statement Tuesday.
The bank issued a series of letters of credit for a corporate client, Sberbank said.
The deals envisage delayed payment for import contracts denominated in yuans.