Tag: india russia trade

India, Russia settling some non-oil trade in rupees: Top UCO Bank official
Posted in Economy

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…

Continue Reading
Russian foreign minister Sergei Lavrov with his Indian counterpart S Jaishankar.(REUTERS)
Posted in Business

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…

Continue Reading
india russia trade: India, Russia suspend negotiations to settle trade in rupees
Posted in Economy

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…

Continue Reading
External Affairs Minister S. Jaishankar during a meeting with Deputy Prime Minister and Minister of Industry & Trade of Russia Denis Manturov, in New Delhi, Tuesday, April 18, 2023.(PTI)
Posted in Business

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…

Continue Reading
'We need to boost trade from India', Russian deputy PM Manturov on trade imbalance
Posted in Europe News

‘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…

Continue Reading
spief: India-Russia trade hit a record $39.8 billion in 2022–23: SPIEF director
Posted in Economy

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…

Continue Reading
India-Russia trade volume touches 38.4 billion USD in 2022
Posted in Economy

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…

Continue Reading
India Russia Trade: India-Russia hold high level meeting to push investment & trade ties including market access issues
Posted in Economy

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…

Continue Reading
india russia rupee trade: India's Rupee trade plans with Russia has likely run into trouble
Posted in Economy

india russia rupee trade: India’s Rupee trade plans with Russia has likely run into trouble

India’s love for discounted Russia oil is widening its trade deficit with Moscow and the casualty is their much-touted rupee trade plan. The gap between…

Continue Reading