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Russia Trade Contract with Saudi Arabia

Import and export of goods with Saudi Arabia — a bilingual EN/RU contract in 5 minutes. CISG not ratified, settlements in USD or SAR

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Contract type

Which contract fits working with Saudi Arabia

Four contract types — for any deal structure with a Saudi partner

Import of goods from Saudi Arabia

Import oil, petroleum products, petrochemicals, fertilizers, and plastics from Saudi Arabia (KSA).

Export declaration in Russia
Settlements in USD or SAR (pegged to USD)
SWIFT via Saudi National Bank, Al Rajhi
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Export of goods to Saudi Arabia

Export metals, grain, machinery, and industrial equipment to Saudi Arabia (KSA).

Export declaration in Russia
Unified GCC tariff
Certificate of origin upon request
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Import of services from Saudi Arabia

Contract for services from Saudi companies: oil & gas, construction, finance.

No customs for services
Currency control under 173-FZ
SWIFT without restrictions
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Export of services to Saudi Arabia

Contract for services to Saudi clients: nuclear technology, IT, education.

No customs for services
Revenue repatriation under 173-FZ
0% VAT on service exports
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Good to know

Trade specifics with Saudi Arabia

Key terms to reflect in the contract

CISG not ratified — specify governing law

Saudi Arabia has not ratified CISG. Sharia law and the Commercial Court Law apply — specify the governing law explicitly.

No CISG · specify law

SAR is pegged to USD

The Saudi riyal (SAR) has been firmly pegged to USD (1 USD = 3.75 SAR) since 1986. Settlements in USD or SAR carry equivalent exchange-rate risk.

SAR/USD · fixed rate

OPEC+ and the oil market

Saudi Arabia and Russia coordinate oil policy within OPEC+. This provides a stable foundation for energy cooperation. Settlements on oil contracts go through state banks.

OPEC+ · oil cooperation

173-FZ: repatriation

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

173-FZ · repatriation
FAQ

Questions about trade contracts with Saudi Arabia

Answers to the most common questions

No. Saudi Arabia has not ratified CISG. Sharia law and the Commercial Court Law apply — specify the governing law in the contract.
Request the CR (Commercial Registration) number. Verify it through the Saudi Ministry of Commerce (mc.gov.sa) or Maroof (maroof.sa).
USD or SAR. The riyal is pegged to the dollar (3.75 SAR = 1 USD). Settlements go through SWIFT without restrictions.
Metals, grain, fertilizers, industrial equipment. Saudi Arabia supplies petrochemicals and fertilizers to Russia.
Yes. An export declaration is filed in Russia; the import declaration is filed by the Saudi side in accordance with GCC/ZATCA requirements.

Need expert help?

Complex deals or non-standard terms — our specialists work directly with your contract

Pre-signing consultation
  • Russian trade delivery guidance
  • Contract data review and preparation
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Bank & customs contract
  • Contract and goods specification
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  • Revisions after customs broker review
from 10 000 ₽
Full transaction support
  • Contract, specification, amendments
  • Document revisions during shipment
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Other destinations

Trade contracts with other countries in the Middle East

The same bilingual contract — tailored to each country’s specifics

🇧🇭 Bahrain 🇰🇼 Kuwait 🇴🇲 Oman 🇮🇷 Iran 🇮🇱 Israel 🇱🇧 Lebanon 🇸🇾 Syria All countries →

Russia Trade Contract with Saudi Arabia: Key Features

The Kingdom of Saudi Arabia is the largest economy in the Arab world and a key partner of Russia within OPEC+. The country is actively diversifying its economy under Vision 2030.

Saudi company details

The contract should state the CR (Commercial Registration) number, full company name, and address. Verify through mc.gov.sa or maroof.sa.

CISG and arbitration

Saudi Arabia has not ratified CISG. Sharia law and the Commercial Court Law apply. For dispute resolution, the Saudi Center for Commercial Arbitration (SCCA) or the ICC is recommended.

Currency and settlements

SAR has been pegged to USD (3.75 SAR = 1 USD) since 1986. SWIFT settlements through Saudi National Bank, Al Rajhi Bank, and Riyad Bank are unrestricted.

Logistics

Jeddah Port (King Abdulaziz Port) is the largest port on the Red Sea. From Black Sea ports via the Suez Canal — 12–18 days.