Russia and India Resolve Bilateral Payment Hurdles
Russia and India have established a functioning payments infrastructure using roubles and rupees that handles 96% of bilateral trade. A senior Russian banker stated that settlements now face no hurdles.
Xurve View
Insights:
Xurve View
Russia and India have established a payment mechanism using roubles and rupees, handling 96% of bilateral trade. Trade volume reached $70B in 2024, tripling since 2022 due to discounted oil imports. Transactions are now settling without hurdles.
