India Likely To Establish A Rupee Payment Mechanism To Secure Trade With Russia Amid Western Sanctions

India Likely To Establish A Rupee Payment Mechanism To Secure Trade With Russia Amid Western Sanctions
Photo courtesy: Swarajyamag

The central government is considering options to set up a rupee payment mechanism with Russia to bypass the western sanctions imposed on Moscow, Reuters reports.

This move stems from concerns regarding the Russian supplies of fertilisers to India amid intensifying sanctions on Russia in the wake of their ongoing conflict with Ukraine.

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Read more at: https://swarajyamag.com/foreign-affairs/india-likely-to-establish-a-rupee-payment-mechanism-to-secure-trade-with-russia-amid-western-sanctions

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  • 28 Feb 2022
  • WerIndia

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