India and Russia to Enhance Trade With Rupee-Ruble Payments
Submitted by Anonymous (not verified) on Fri, 08/16/2024 - 14:40
India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as petroleum dominates current transactions. With a significant trade deficit favoring Russia, both nations seek to diversify trade beyond oil and create […]