On 01 December 2023, International Scientific and Practical Conference «Development Prospects of Foreign Economic Activities and Customs Administration in Russia under Conditions of International Isolation and Economic Sanctions» took place at Rostov State University of Economics (RSUE). Chairperson of Center-invest Bank’s Management Board Lidia Simonova took part in the plenary meeting and made a presentation.

Lidia Simonova shared the experience of Center-invest Bank in the area of foreign economic activities in conditions of economic transformations, and the bank’s specialists told about international settlements in the new reality.

«Imposition of sanctions has led to break of supply chains, to restriction, and in certain cases to closing of countries for Russian export and import, reduction of the cargo shipping volumes. However, simplification of customs procedures, improvement of Federal laws, and measures taken by Center-invest Bank for support of clients engaged in foreign economic activities through application of discounted rates, search for solutions to ensure continuity of settlements on contracts, and opening of correspondent accounts in friendly countries have made a beneficial impact on the situation,» concluded Lidia Simonova.

Center-invest Bank is a leader in lending to small and medium enterprises in Southern Russia, and for many years has promoted the business development of its clients. The bank is implementing a program for support of companies engaged in foreign trade by offering them unique financial programs, as well as consulting services for development of trade activities and penetration of new global markets.

A complete scope of services related to foreign exchange transactions, direct correspondent accounts with foreign banks, direct access to SWIFT, and the bank’s absence in the sanctions lists make Center-invest Bank an irreplaceable partner for international business.