Rosvexel to organize cross-border settlements, issue gold-backed instrument - Russian Finance Ministry

MOSCOW. Nov 18 (Interfax) - Rosvexel, established by the A7 platform and the Finance Ministry, will issue bills of exchange and digital financial instruments for participants in foreign economic activity, the Finance Ministry's press service said.

The company will provide Russian exporters and importers with a gold-backed payment instrument. The bill could be used for settlements between legal entities and foreign counterparties, including for contract payments in any currency. The instrument will also offer holders the opportunity to earn additional income.

"Rosvexel's first securities will be issued by the end of 2025. The company also plans to launch innovative digital payment instruments. The company's creation and the issuance of its first instrument are an example of how the government, in partnership with businesses, is creating the conditions for developing cross-border payments infrastructure, which will contribute to Russia's achievement of technological and financial sovereignty," Deputy Finance Minister Ivan Chebeskov said in the statement.

Prime Minister Mikhail Mishustin earlier in November issued an order in which the government supported the Finance Ministry's proposal to establish the Rosvexel limited liability company jointly with the A7 payment agent, with Russia holding a 15% stake. The authorized charter capital of the new company is 10,000 rubles.

Founded last autumn, A7 offers Russian exporters and importers services for settlements with foreign partners. PSB holds a 49% stake in A7. It was previously reported that entrepreneur Ilan Shor, A7 Agent CEO, which is A7's operating subsidiary, is PSB's partner in the project. The company boosted its authorized charter capital from 10 million rubles to 12.7 billion rubles In July.

PSB is state-owned through Russia's Federal Property Management Agency (Rosimuschestvo). A bank has been created based on PSB to service large government contracts and state defense orders. Based on the results of Q3 2025, PSB ranks fifth in terms of assets in the Interfax-100 ranking prepared by the Interfax Center for Economic Analysis.