Tag: india russia trade
Russia’s Rupee trap is adding to $147 billion hoard abroad
A lopsided trade relationship with India is forcing Russia to accumulate up to $1 billion each month in rupee assets that remain stranded outside the…
india russia trade: What next for India and Russia in trade and investment
When I wrote for this newspaper back in 2019, I stressed the need for Russia and India to develop cutting-edge financial mechanisms in order to…
India, Russia settling some non-oil trade in rupees: Top UCO Bank official
India and Russia have been settling some of their non-oil trade in rupees since the beginning of this year, said a top official at state-run…
Russia has billions of Indian rupees that it can’t use: Foreign minister Lavrov
Russia has accumulated billions of rupees in Indian banks which it can’t use, Foreign Minister Sergei Lavrov said Friday, pointing to a ballooning trade surplus…
india russia trade: India, Russia suspend negotiations to settle trade in rupees
India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep rupees in its…
India, Russia plan RuPay-Mir card use amid West sanctions on Moscow
India and Russia will explore the possibility of accepting RuPay and Mir cards in each other’s country for hassle-free payments amid sanctions imposed by the…
‘We need to boost trade from India’, Russian deputy PM Manturov on trade imbalance
NEW DELHI: Russian deputy prime minister and minister of industry and trade, Denis Valentinovich Manturov on Monday expressed his desire to boost trade with India…
spief: India-Russia trade hit a record $39.8 billion in 2022–23: SPIEF director
India is emerging as a key supplier of medicines, car and machine parts, textiles and clothing, and food products to Russia, said Aleksey Valkov, director…
India-Russia trade volume touches 38.4 billion USD in 2022
Russia for the first time in history has become one of the five largest trading partners of India – the volume of trade between the…
India Russia Trade: India-Russia hold high level meeting to push investment & trade ties including market access issues
External Affairs Minister S. Jaishankar on Monday held a virtual meeting with Denis Manturov, Deputy Prime Minister of the Russian Federation and Minister of Trade…