Russia cross-border electricity trader Trade enterprise: to Russia trade is affected by rouble depreciation seriously

March 5 News, by the Ukrainian situation dragged, the Russian currency rouble depreciation, and on March 3 to create a record low. A number of enterprises engaged in cross-border electricity trade between China and Russia to billion power network said that its trade in Russia by the rouble depreciation impact more serious.

Some of the Cross-border electricity dealers used in Russia is a direct charge of the rouble, and then converted into renminbi collection methods. So in the case of a devaluation of the rouble, the same rouble, the exchange of renminbi will be reduced, resulting in direct economic losses.

For example, the Russian cross-border electricity dealers Come365 part of the collection is taken this way. They cooperated with the city's Harbin bank, the Russian rouble, to pay the rouble directly from the Russian users to its rouble account in Harbin Bank and to settle the settlement through Harbin Bank.

Come365, vice president of Fetten, said in an effort to minimise losses, the current approach was to keep the rouble as far as possible in the rouble account and not to settle in the short term, and use the rouble as a cost to its team stationed in Russia. "It's also 1 million rubles, and now it's going to cost a lot more than it was a few months ago," he said. ”

Lower competitiveness of commodity prices

China's electricity-dealer Web site, which supports the direct receipt of the rouble, is currently a small part of the web, with most of its websites working with third-party payment companies to collect dollars. For example, the global speed of Alibaba's cross-border electric platform is in cooperation with a local payment company in Russia, the seller in the U.S. dollar price, while the Russian users pay, the amount of money to be paid is already based on the real exchange rate of the rouble price.

In this case, although the seller's dollar price has not changed, but because of the rouble depreciation, Russian users need to pay the rouble price has risen. This situation caused a serious decline in the price competitiveness of commodities from China's electricity dealers ' websites. Because the Russian users in their domestic electricity business website and offline retailer shopping, will not encounter the issue of exchange rate conversion.

Analysis of the industry, the rouble depreciation, the decline in commodity price competitiveness is the current China's cross-border electricity dealers face the most urgent problem.

Some Russian logistics operators start to raise prices

Fetten to billion power network, and Come365 cooperation with some of the Russian local logistics, in order to pass the risk, has begun to increase prices, dozens of rubles per order.

Russia's logistics services business, e-Mail CEO Zhang to billion power network, because of its Russian railways and the Russian local logistics operators every 3 months to determine the price of a service, so the temporary has not encountered the Russian logistics price increase problem. But next time with the Russian side to negotiate prices, it is not easy to say, it is likely to face the price increase.

According to the Billion power network, the large devaluation of the rouble was mainly dragged down by the situation, in addition to the emerging market capital fled and the Federal Reserve gradually accelerated the withdrawal of quantitative easing. The latest news is that the Russian central bank announced March 3 unexpectedly, from the Moscow time of the day 11 o'clock, the benchmark interest rate (7-day repo rate) from the previous 5.5% to 7%.

A number of business executives and sellers of China-Russia cross-border electricity traders have judged that the rouble will also depreciate in the short to medium term, so they will also adjust their business to Russia appropriately.