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Russia and India: calculations in national currencies are not far off
India's ambassador to Russia, Pundi Srinivasan Raghavan, told RIA Novosti that the Central Banks of the partner countries are actively working towards the transition to mutual settlements in national currencies. In the near future, according to the ambassador, they will make concrete proposals to the governments.
"We believe that transactions in national currency can be mutually beneficial for bilateral economic cooperation", said Mr. Pundi Srinivasan Raghavan.
The Indian Export-Import Bank of ndia (Exim Bank) and Russian Vneshekonombank (VEB) are already negotiating loans for potential investors in national currencies.
Also in an interview, the ambassador spoke about the progress in bilateral cooperation in the nuclear field. So, according to him, the process of selecting sites for new nuclear power plants "is at a very advanced stage."
As previously reported in EastRussia, the Chinese CNNC and the Russian Rosatom are actively discussing plans for cooperation in the joint construction of nuclear power plants in third countries.
At the moment, Rosatom has already put into operation the first stage of the Tianwan Nuclear Power Plant, and is building the third and fourth power units of the TAES. Agreements have already been reached on the sixth and fifth blocks, and these facilities will be built by Russian specialists. The decision on the construction of the seventh and eighth power units of the TAES has not yet been made.
At the same time, negotiations are underway with China on the construction of power units in the Chinese mainland.