Russia says payments with India clear hurdles via rouble-rupee system
Russia and India have built a functioning payments infrastructure using roubles and rupees. Roubles and rupees account for 96% of bilateral trade, and Russia–India trade hit a record $70 billion in 2024.
Russia and India, the second-largest importer of Russian oil, have built a functioning payments infrastructure using roubles and rupees, which now account for 96% of bilateral trade, a senior Russian banker said on Wednesday.Russia's trade with India reached a record $70 billion in 2024, tripling s…