Invitation to Participate in Webinar on “Seamless Export Proceeds Settlement in Rupee for Exports to Russia” on 27 June 2025

Ref: MR/CIR/2025-26/0183                                                                                                               Date: 12 June, 2025
 

To: Member of the Council
 

Sub: Invitation to Participate in Webinar on “Seamless Export Proceeds Settlement in Rupee for Exports to Russia” on 27 June 2025

Dear Sir/Madam,

As you are aware, Russian market holds substantial potential for export of Indian MMF Textiles and Technical Textiles. However, to fully capitalize on this potential and to increase exports to Russia, there is a need to understand the Payment Mechanism and other related aspects.

In this context, MATEXIL - Manmade and Technical Textiles Export Promotion Council will be organizing a Webinar on Seamless Export Proceeds Settlement in Rupee for Exports to Russia.

Details are as follows:

The Webinar will cover following Key Topics:

1. Export Remittances - Navigating New Pathways

• Rupee Settlement Mechanism: Complete framework for INR-Rubble based transactions with Russian importers.
• Documentation Requirements: Essential paperwork and compliance protocols for smooth remittance processing.
• Comparative Analysis: Benefits of Rupee settlement vs. traditional USD routes.
• Risk Mitigation Strategies: Protecting exporters against currency volatility and regulatory changes.
• Processing Timelines: Expected settlement periods and factors affecting transaction speed.

2. Trade Finance Solutions - Unlocking Capital Efficiency

• Letter of Credit Mechanisms: How LCs work in the Rupee settlement framework for Russian trade.
• Working Capital Solutions: Financing options for pre- and post-shipment requirements.
• Credit Risk Assessment: Understanding and managing counterparty risks in Russian transactions.
• Guarantee Structures: Bank guarantees and performance bonds in the new settlement system.
• Cash Flow Optimization: Strategies for maintaining healthy liquidity during extended settlement cycles.

3. Corporate Business Opportunities - Strategic Expansion

• Market Entry Strategies: Leveraging banking relationships for business development in Russia.
• Partnership Facilitation: How SBERBANK can connect Indian textile exporters with Russian buyers.
• Regulatory Compliance: Navigating RBI guidelines and Russian banking regulations.
• Treasury Management: Optimizing foreign exchange exposure and hedging strategies.
• Future Roadmap: Anticipated developments in India-Russia trade finance mechanisms.

About the Speakers:

Mr. Deepankar Mehta is the Director at SBERBANK in Mumbai, India brings exceptional expertise to this important topic with his 18 years of specialized experience Banking operations with deep understanding of cross-border transaction complexities; Comprehensive knowledge of international remittance systems, regulatory frameworks, and operational best practices; Unique and rare expertise in Russian banking protocols, regulations, and business practices.

Mr. Shankho Gupta, Director at SBERBANK in Mumbai has 18 years of experience in client relationships, Corporate and financial institutions. He has expertise in setting up businesses in the SMEs, Transaction banking, liabilities, Trade Finance, Forex, and working capital.

Interactive Q&A Session

There will be an interactive Q&A session where participants can seek Clarifications on any issues relating to payment settlements on Indian exports to Russia, regulatory requirements and compliance procedures, discuss Real Scenarios from their business operations, professional guidance and support from SBERBANK for their Russian export ventures. Participants will also be able to send their questions in advance during registration to ensure comprehensive coverage during the session.

Invitation

We would like to invite you and your team to participate in the Webinar and benefit from its deliberations. For participation in the Webinar, kindly fill up the enclosed Registration Form (Click to Register).

Please note that the Link to attend the Webinar will be shared upon Registration.

If you have any queries or need more details, please contact Mr. Yatin Joshi, Assistant Director, MATEXIL at yatin@matexil.org Mob No. 8237298183.

Thanking You

A. Ravi Kumar
Executive Director