Get roubles for permitted supplies to Europe
A European buyer sends euros or another contract currency to an agent from our pool. We check the deal and the parties before any documents are signed: we do not work with goods subject to restrictions. Roubles arrive in your account in Russia at the rate set in the payment order.
- 3 business days
- from the euros reaching the agent to the roubles reaching your account
Estimate the minimum fee
The final fee and rate are fixed in the payment order
Minimum amount: 10,000 USD or equivalent
- Fee rate
- from 0.4%
- Fee
- from 100 USD
- To be credited (equivalent)
- up to 24,900 USD
This is a minimum, not an offer or a rate lock. The final figure depends on the country, amount and the banks involved and is fixed in the payment order.
Request a quoteHow a deal with a European buyer runs
The key work happens before the transfer. If the deal does not pass the check, you will know before the buyer sends the euros.
Deal check
We check the goods and their code, the buyer and its owners against the restriction lists of the EU and the buyer's country. If there is a match, we decline at once.
Choosing the agent
We look in our pool for an agent whose account the buyer's European bank is currently prepared to pay. The timing goes into the agency agreement, the rate and fee into the payment order.
Agreement with the buyer
The buyer signs an addendum to the contract on payment through the agent. For its bank, this is the basis for paying a third party instead of you.
Transfer and inquiries
The buyer's bank or a correspondent bank may send an inquiry about the deal. We put the reply together with you and the buyer.
Roubles and the report
The agent converts the euros at the rate in the payment order and credits the roubles. You receive its report and the papers for your bank.
What we take on from Europe and what we do not
European banks scrutinize anything connected with Russia. Our line is simple: only deals that are lawful for both sides.
Permitted goods
Goods that are not on the restriction lists of the EU or the buyer's country. We check the product code before any documents are signed, not after the bank asks.
Services and rights
Development, software licenses, engineering, consulting. The bank compares the description of the work in the contract with the completion certificate and the purpose of payment.
Countries outside the EU
Buyers from European countries outside the EU pay in their own currency or in euros. Their banks have their own checking rules, and we take them into account when choosing the agent.
What we do not take on
Goods or deal parties subject to restrictions, money without a contract, transfers from private individuals. If we decline, we tell you before the agreement is signed.
What to explain to a European buyer
A European company answers to its bank for every deal with a Russian seller. It feels more secure when you provide the full set in advance: the contract, a specification with product codes, a certificate of origin and information on your company's owners.
Explain why the money goes to an agent. The addendum to the contract names the agent, its country and its details. The buyer pays the invoice just as it would pay you, only to a different account.
Warn the buyer about inquiries. A correspondent bank may ask about the goods, their origin and the end recipient. A short reply with documents settles the question; silence delays the transfer.
If the euros went back to the buyer
We read what the bank wrote. If the deal is lawful, we offer another route: an agent with a route this bank accepts, an assignment of claim (cession), or a change of payer under an agreement of the parties. A lawyer reviews any such option before the deal.
What receiving payment from Europe costs
from 0.4%
minimum fee for receiving euros
The rate depends on the buyer's country and bank, the currency, the amount and the agent's route. We fix it and the euro-to-rouble rate in the payment order while the money is still with the buyer. You pay VEDmost nothing on top: the broker's fee is paid by the executing agent.
- from 10,000 USD
- minimum for a single incoming payment; euros and other currencies are counted at the USD equivalent
- Screening
- of the deal against restriction lists before the agreement is signed
- 3 business days
- from the euros reaching the agent to the roubles in your account
Receiving euros through another agent?
Tell us your rate or show us the payment order. We will calculate the full cost of the transfer, including the FX markup and fixed charges, and look for a lower rate in our pool. If we can't find one, we'll say so.
Questions about buyers from Europe
The buyer is worried about problems with its bank. What should I tell them?
That the deal is lawful for both sides: the goods and the companies were checked against restriction lists before any documents were signed, and payment is made under the contract and its addendum. Had the check failed, there would be no deal.
Can I receive payment for software and development work?
Yes. The contract needs a description of the work, a completion certificate is signed once the work is done, and the purpose of payment repeats the contract.
The buyer is from a country outside the EU. What changes?
The currency and the rules of its bank. We select the agent to fit them; everything else stays the same: the check before signing, the rate and fee in the payment order.
A correspondent bank has sent an inquiry. What should we do?
Forward it to us. We will help put together the reply and the deal documents for the buyer to send to its bank.
The bank sent the euros back to the buyer. Is there a way forward?
If the deal is lawful, there usually is: an agent with a different route, an assignment of claim, or a change of payer. We decide after a lawyer has reviewed the option.
Request a quote
Describe the deal: the buyer's country, currency and amount. We'll reply with a proposed route and terms. We name the agent in advance, and the rate and fee go into the payment order before the buyer pays.