[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Alexander Kokcharov [@alex_kokcharov](/creator/twitter/alex_kokcharov) on x 106.9K followers Created: 2025-07-16 15:46:44 UTC Russian importers have begun to frequently encounter blocked accounts at the state-owned VTB bank and its Shanghai subsidiary. Employees of five companies said their accounts were blocked from mid-May to July. They say that since the beginning of summer, there have been many more cases of blocking than before. “We have recently had an increase in the number of clients who previously worked with VTBS, including due to frequent, incomprehensible account blocking,” confirms the owner of a payment agent company that helps importers transfer money for goods. This greatly complicates the work of foreign trade companies, which already have a hard time transferring payments. VTB Shanghai was the most convenient payment channel for them. VTB is the only Russian bank that has a division in China, and payments through VTB are one of the few ways to transfer money to China directly from a Russian bank. This is often the cheapest payment method, and certainly the simplest in terms of bank control and the preparation of various reports, market participants explain. Now companies with accounts blocked by the state bank cannot directly pay VTB Shanghai for goods to their Chinese suppliers. "We have to pay VTB from our accounts in other Russian banks, which charge a commission of 4.5-4.9% of the transfer amount," explains the owner of one such company. They don’t know what’s going on; VTB hasn’t responded to the request. “Our managers at VTB and VTBSh say that even the bank’s employees can’t contact their financial monitoring, so they can’t help resolve the problem,” complains one of the victims. “VTB hasn’t made any requests or claims against me, I’m not on its blacklists, I provided all the documents to the bank’s financial monitoring immediately after the blocking, but there’s been no response,” says the owner of the importing company. The head of another company says that after the blocking, he also sent a huge package of documents about his company and its operations to the state bank, “except that he didn’t attach his analyses,” but he received no response at all: “Our lawyers and financiers are perplexed as to what the problem could be: we have a company with assets, our own office, and a white salary, but we can’t “clean up” before the bank.” Source: XXX engagements  **Related Topics** [$2607hk](/topic/$2607hk) [shanghai](/topic/shanghai) [$vtbrme](/topic/$vtbrme) [Post Link](https://x.com/alex_kokcharov/status/1945510420447404155)
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Alexander Kokcharov @alex_kokcharov on x 106.9K followers
Created: 2025-07-16 15:46:44 UTC
Russian importers have begun to frequently encounter blocked accounts at the state-owned VTB bank and its Shanghai subsidiary. Employees of five companies said their accounts were blocked from mid-May to July. They say that since the beginning of summer, there have been many more cases of blocking than before.
“We have recently had an increase in the number of clients who previously worked with VTBS, including due to frequent, incomprehensible account blocking,” confirms the owner of a payment agent company that helps importers transfer money for goods.
This greatly complicates the work of foreign trade companies, which already have a hard time transferring payments. VTB Shanghai was the most convenient payment channel for them. VTB is the only Russian bank that has a division in China, and payments through VTB are one of the few ways to transfer money to China directly from a Russian bank. This is often the cheapest payment method, and certainly the simplest in terms of bank control and the preparation of various reports, market participants explain.
Now companies with accounts blocked by the state bank cannot directly pay VTB Shanghai for goods to their Chinese suppliers. "We have to pay VTB from our accounts in other Russian banks, which charge a commission of 4.5-4.9% of the transfer amount," explains the owner of one such company.
They don’t know what’s going on; VTB hasn’t responded to the request. “Our managers at VTB and VTBSh say that even the bank’s employees can’t contact their financial monitoring, so they can’t help resolve the problem,” complains one of the victims. “VTB hasn’t made any requests or claims against me, I’m not on its blacklists, I provided all the documents to the bank’s financial monitoring immediately after the blocking, but there’s been no response,” says the owner of the importing company. The head of another company says that after the blocking, he also sent a huge package of documents about his company and its operations to the state bank, “except that he didn’t attach his analyses,” but he received no response at all: “Our lawyers and financiers are perplexed as to what the problem could be: we have a company with assets, our own office, and a white salary, but we can’t “clean up” before the bank.”
Source:
XXX engagements
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