OREANDA-NEWS. April 11, 2012. The Federal Customs Service of the Russian Federation has expanded the guarantee limit for the Bank of Moscow assuring payment of customs duties and taxes. The maximum amount of all the current bank guarantees has grown up from 3.5 to 8.5 billion RUR with the maximum amount of one guarantee being from 700 million to 1.7 billion RUR.

Such services are in demand of the corporate clients of the Bank of Moscow. The total amount of the current guarantees issued to the customs authorities is 3.4 billion RUR. The FCS’ decision will enable the Bank to expand considerably the guarantee issue services offered to clients engaged in foreign trade and doing their business in the sphere of customs.