COMPANY NEWS

On September 24, representatives of Russia’s USVP Company, accompanied by Shanghai GST Company, visited Luofu Valve Group for a new round of business discussions. The purpose of this visit was to further address follow-up order arrangements and payment procedures for ongoing cooperation.

During the meeting, both sides reviewed the current order pipeline and focused on resolving payment channels affected by international sanctions. Due to U.S. sanctions against Russia, payments originating from Russian clients cannot be remitted directly to state-owned banks within mainland China. As a result, transactions related to the cooperation can only be processed through the Shanghai branch of Russia’s VTB Bank.

The delegation’s return visit reflects a shared intention to maintain project continuity despite external constraints. Throughout the discussions, Luofu Valve Group reiterated its commitment to transparent communication, stable delivery schedules, and finding compliant solutions that ensure orders progress smoothly from planning to production.

As both parties continue to coordinate operational details, the visit marks another steady step in strengthening bilateral cooperation and preserving the momentum of long-term partnership.