The client needed to facilitate transactions with Russia.
Due to political restrictions and the current economic conditions, no banker was willing to step in, and their existing banker denied permission for Russian payments.
Our Solution
- With our strong network and expertise, we: Identified and collaborated with a bank that not only facilitated Russian payments but ensured smooth operations.
- Secured an SBLC (Standby Letter of Credit) of ₹3 Cr for their Dubai subsidiary, despite its modest turnover of just ₹20 Lacs .