![]() ![]() ![]() Russia and India have agreed to drop all use of the US dollar and Euro in bilateral settlements, according to a statement made by Zamir Kabulov, a Director of Russia’s Ministry of Foreign Affairs.Īccording to Kabulov, the transition to national currencies is a fundamental decision, while there is a need to maintain balance, as the sales volume of Russian products to India is five times higher than that of India to Russia. Bilateral trade set to boom in 2023-24 as numerous export multipliers come into the trade picture ![]()
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