Cost of delivery of goods to the Russian Federation via Kyrgyzstan may grow by 60 percent. Economist.kg reports.
After the National Bank introduced new conditions for participants of foreign economic activity, Russian importers faced difficulties.
It is the ban of the National Bank of the Kyrgyz Republic on making payments under contracts for the supply of goods shipped to foreign countries, if their actual delivery to the territory of the republic is not provided.
It is noted that as a result of this decision, the channel for transit payments for goods from third countries to Russia via Kyrgyzstan was blocked. Importers had to look for workarounds for payment, since the requirement to transport goods through this republic with the corresponding customs and tax costs results in an increase in the cost of logistics by 1.5-3 percent at each stage. As a result, deliveries become less profitable.
Since September 25, all payment orders for contracts on goods, works and services that previously passed through the Kyrgyz Republic in transit now require a commitment to deliver to the territory of the republic.
Exceptions are provided only for a trading company authorized by the Cabinet of Ministers. The measures were introduced at the request of international financial organizations to ensure the economic security of the country.
