Bank Clearing Code Russia. Bank Clearing Number Russian Banks

Bank clearing number (BC number) and IBAN are not used in the Russian Federation. Use Russian bank identification code (BIC/SWIFT) instead of Bank clearing code. Bank identification code is necessary to determine branch of a credit organization that participates in settlements in the Russian Federation and its territorial location. All BICs are collected in a […]

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Largest Multinational Corporations, Business Groups in Russia

More and more Russian companies become international corporations. Of course, the Russian multinationals aren’t as globalized as world leading multinational corporations, which work on emerging markets and characterized by diversification in the economic sector. Activities of Russian multinational corporations are limited by certain sectors of the economy in which they have a competitive advantage. For […]

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Do Russian banks have IBAN numbers? Sberbank, VTB, Gazprombank, Tinkoff

IBAN code is not used in Russia, the account number includes only numeric characters. All banks in Russia have a SWIFT (Society for Worldwide Interbank Financial Telecommunications). You should know SWIFT of bank (Sberbank, VTB, Gazprombank, Tinkoff, Unicredit Russia, Promsvyazbank, Rosbank, Alfa bank) to send or receive money via a bank wire transfer. Top Russian […]

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