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Russia Trade Contract with South Korea

Import and export of goods with South Korea — a bilingual EN/RU contract for the bank in 15 minutes. CISG since 2005, settlements in USD

Deal scheme
Import of goods from South KoreaExport of goods to South Korea DOCX
КОНТРАКТCONTRACT
1. Предмет Контракта 2. Стоимость Контракта 3. Условия поставки 4. Условия оплаты 8. Форс-мажор
1. Subject of the Contract 2. Cost of Contract 3. Terms of the Delivery 4. Terms of the Payment 8. Force-Majeure
ПРОДАВЕЦ / THE SELLERПОКУПАТЕЛЬ / THE BUYER
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Fill in: Import of goods Fill in: Export of goods
Deal scheme

What the draft already fills

Import of goods from South Korea

PartiesBuyer — Russia, seller — Republic of Korea
DocumentsInvoice, packing list, export declaration, transport documents
SpecificsElectronic customs declaration in Russia · Settlements in USD or KRW · SWIFT via Korean banks (Shinhan, KB)

Export of goods to South Korea

PartiesSeller — Russia, buyer — Republic of Korea
DocumentsInvoice, packing list, export declaration, transport documents
SpecificsElectronic customs declaration in Russia · Sanctions compliance (partial restrictions) · Settlements in USD
Contract type

Which contract fits working with South Korea

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

Import of goods from South Korea

Import electronics, automobiles, ships, semiconductors, and chemicals from Korea.

Electronic customs declaration in Russia
Settlements in USD or KRW
SWIFT via Korean banks (Shinhan, KB)
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Export of goods to South Korea

Export oil, coal, gas, metals, and raw materials to South Korea.

Electronic customs declaration in Russia
Sanctions compliance (partial restrictions)
Settlements in USD
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Import of services from Korea

Contract for services from Korean companies: IT, shipbuilding, consulting.

No customs for services
Currency control under 173-FZ
SWIFT via Korean banks
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Export of services to South Korea

Contract for services to Korean clients: IT, engineering, education.

No customs for services
Repatriation of proceeds under 173-FZ
0% VAT on service exports
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Good to know

Trade specifics with South Korea

Key terms to reflect in the contract

CISG since 2005

South Korea ratified CISG in 2005. The Convention applies automatically to international commercial transactions between Russian and Korean companies.

CISG · 2005

Sanctions compliance

South Korea has joined a number of Western sanctions against Russia. Korean banks may refuse settlements for certain product categories. Check the payment route in advance.

Sanctions · compliance

USD or KRW

KRW (South Korean won) is a convertible currency. International contracts are usually in USD. Settlements in KRW are possible subject to agreement with the bank.

USD/KRW · settlements

173-FZ: repatriation

A Russian resident is required to repatriate proceeds within the deadlines specified 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 South Korea

Answers to the most common questions

Yes. South Korea ratified CISG in 2005. The Convention applies automatically.
Request the Business Registration Number (BRN) and verify it via the National Tax Service portal (nts.go.kr) or the Korea Business Registry.
USD. KRW (won) is convertible, but due to sanctions compliance, Korean banks may complicate settlements with Russian companies.
Coal, oil, LNG, metals, chemicals, and timber. Trade has declined significantly since 2022 due to the sanctions regime.
Yes. The export declaration is filed in Russia; the import declaration is filed by the Korean party via the Korea Customs Service (customs.go.kr).
No. No account or company profile is required — fill in the form and provide an email address for the finished document. Payment is a one-time charge, no subscription.
No. The document is generated in bilingual format from the start — Russian and English text run in parallel columns in one file. There is no need to order a translation separately; both texts are legally equivalent.
Ready contract in 15 minutes

Fill in the form, pay online — and download right away. The file is accepted by banks and customs.

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per document
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DOCX · Word / LibreOffice Bilingual EN/RU 173-FZ · CISG

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Other destinations

Trade contracts with other countries in Asia and the Pacific

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

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Russia Trade Contract with South Korea: Key Features

South Korea is one of Asia's largest trading powers. Until 2022, Korea was among Russia's top three trading partners in the Asia-Pacific region. Trade continues, but under substantially changed conditions due to the sanctions regime.

Korean company details

In the contract, specify the Business Registration Number (BRN), the full company name in Korean and English, and the address. Verification is done via NTS (nts.go.kr).

CISG and arbitration

South Korea ratified CISG in 2005. For dispute resolution, KCAB (Korean Commercial Arbitration Board) or the ICC is recommended.

Sanctions regime

Since 2022, South Korea has joined a number of Western sanctions packages. Korean banks apply enhanced compliance checks. Before the deal, verify that the product category is permitted and check the settlement route.

Logistics

Ports: Busan (Korea's largest container port), Incheon, Ulsan. From Vladivostok — 2–4 days by sea. From Black Sea ports via Suez — 25–35 days.