India stands by trade with Russia as foreign minister Lavrov set to visit. Besides the rupee-rouble trade window, several other options are on the cards, including settling all government and quasi-government payments directly through the central banks of the two countries, said the source. Crucial Russian visit to India.
Russian Central Bank Specialists To Meet RBI Counterparts; To Discuss Rupee-Ruble Payment
A team of specialists from the Russian Central Bank will meet their Indian counterparts from the Reserve Bank of India (RBI) this week to discuss rupee-ruble payment systems for future purchases. With the West mounting its economic sanctions, Moscow has been pushing countries to switch to ruble transactions.
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