Government officials have denied the

Why Have India and Russia Suspended to Settle Trade

Government officials have denied the reports that India and Russia have suspended negotiations on trade settlement in Indian rupee. The officials admitted that there

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 coffers, two

New Delhi

Russia, India plan to drop use of US dollar, euro in bilateral trade

Russia's pivot away from US dollar is not going

New Delhi: Russia and India plan to drop all use of the US dollar and the euro in bilateral settlements and conduct all trade transactions in rupee and rouble, a senior

Russia & India Settle $4 Billion Trade in Rupee, Ditch US Dollar

India and Russia Seek to Bypass Dollar with Rupee

Exclusive-India, Russia suspend negotiations to settle trade in

India, Russia Rupee Trade Talks - Vajiram & Ravi

BRICS Ditches US Dollar, Settles $4 Billion Trade in

Exclusive: India, Russia suspend negotiations to settle trade in

With a high trade gap

Per recent reports, an array of Russian companies have purchased robust arms and defense equipment worth $4 billion from India. The deal struck between India and Russia was later settled in Indian rupees rather than using the traditional US dollar.

With a high trade gap in favour of Russia, Moscow believes it will end up with an annual rupee surplus of over $40 billion if such a mechanism is worked out and feels rupee