Russia Trade Contract with Oman

Oman has not ratified the CISG. The Commercial Code of Oman (Royal Decree 55/1990), based on Egyptian commercial law, applies — specify the governing law explicitly.

No CISG · specify law

OMR is pegged to USD

The Omani rial (OMR) is tightly pegged to USD (1 OMR ≈ 2.60 USD) — one of the highest-valued currencies in the region. Settlements can be made in USD or OMR, whichever you prefer.

OMR/USD · fixed rate

Oman's neutral stance

Oman traditionally maintains a neutral foreign policy and has not joined Western sanctions against Russia. SWIFT payments go through without restrictions.

Neutral policy · SWIFT unrestricted

173-FZ: repatriation

A Russian resident is required to repatriate proceeds within the deadlines set out in the contract. For amounts from 3 million RUB, a unique contract registration number (UNK) is issued.

173-FZ · repatriation

FAQ

Questions about trade contracts with Oman

Answers to the most common questions

No. Oman has not ratified the CISG. The Commercial Code of Oman applies — specify the governing law in the contract.

Request the Commercial Registration (CR) number. Verify it through Oman's Ministry of Commerce (investinoman.om or mocioman.gov.om).

USD or OMR. The Omani rial is pegged to USD (1 OMR ≈ 2.60 USD). Settlements go through SWIFT without restrictions.

Metals, grain, fertilizers, petroleum products, machinery, and equipment.

Yes. An export declaration is filed in Russia; the Omani side files the import declaration in accordance with GCC requirements.

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Russia Trade Contract with Oman: Key Features

Oman is a stable monarchy on the southern Arabian Peninsula, known for its neutral foreign policy. The country is a member of the GCC and is a reliable trading partner.

Omani company details

The contract should state the CR (Commercial Registration) number, full company name, and address. Verification is available through mocioman.gov.om.

CISG and arbitration

Oman has not ratified the CISG. The Commercial Code of Oman (Royal Decree 55/1990), based on Egyptian commercial law, applies. For dispute resolution, the Oman Commercial Arbitration Center (OCCAM) or the ICC is recommended.

Neutral stance

Oman has not joined Western sanctions against Russia. SWIFT transfers go through without restrictions, making Oman a convenient partner for settlements.

Logistics

The Port of Salalah is the largest transshipment hub in the region. From Black Sea ports via the Suez Canal — 18–25 days.

Which contract fits working with Oman

Import of goods from Oman

Export of goods to Oman

Import of services from Oman

Export of services to Oman

Trade specifics with Oman

CISG not ratified — specify governing law