India Russia Trade

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 with the South Asian nation. Russian foreign minister Sergei Lavrov…

GAO: Russia has accumulated billions of rupees in Indian banks which it can’t use, foreign minister Sergei Lavrov said on Friday, pointing to a ballooning trade surplus with the South Asian nation. “This is a problem,” Lavrov told reporters…

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 West on Moscow. External Affairs Minister S. Jaishankar during a meeting…

Piyush Goyal said today several countries are realising that in trade, there is a need for change in currency for that and it involves a conversion cost, which in turn increases transactions costs. | Photo Credit: PTI International trade…

NEW DELHI: India expects bilateral trade worth $8-9 billion with Russia and Sri Lanka in the next two months after it allowed international trade in rupees, India's trade secretary said. The Reserve Bank of India last month allowed…

NEW DELHI: The Reserve Bank of India (RBI) this week introduced a new mechanism for international trade settlements in rupees, aiming to promote exports and facilitate imports. Besides promoting international use of the local currency, many…

NEW DELHI: India is proposing to settle trade with Russia in rupees, according to a person with knowledge of the matter, as the South Asian nation presses ahead with purchases of oil and weapons from the sanctions-hit country. New Delhi…

India is adamant about building up its technological independence, with $10 billion earmarked to develop semiconductor and display manufacturing. It’s also keen to assert its foreign-policy independence by leaning toward Moscow…

Amid escalating geopolitical tensions, the United States would prefer India to move away from its “long-term history of non-alignment G77 partnership with Russia," the Biden Administration has told lawmakers, observing that…

The Russian Foreign Minister Sergey Lavrov is expected to arrive to India today and will be on a two-day official visit from Thursday, his first trip to the country since Moscow launched its invasion of Ukraine last month. The…