Trade & Commerce
'Russia and India's 96% bilateral trade now through Rupee-Rouble payment infra'
What's happening now
Bilateral trade between India and Russia has surged, reaching $70 billion in 2024, driven significantly by India's purchase of discounted Russian oil amidst Western sanctions following the Ukraine conflict. Crucially, a reported 96% of this trade is now being conducted through a dedicated Rupee-Rouble payment infrastructure, largely bypassing traditional Western financial systems.
Source: Economic TimesRead the full story →