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Trade transactions between Russia and India can switch to national currency

Negotiations are being held between the Indian Export-Import Bank of India and the Russian Vnesheconombank on issuing loans to potential investors in national currencies.

Pundi Srinivasan Ragwahan, the Indian ambassador in Moscow, earlier stated that to increase the trade between India and Russia, the countries are discussing the possibility of conducting trade transactions in the national currency.

On the eve of his visit to India, in a written interview with the Indian news agency PTI, Putin also said that "the question of a possible transition to settlements in national currencies is also very relevant."

Recall that Russia has already agreed with Vietnam, Turkey and China on the development of settlements in national currencies.

Photo from the site www.ridus.ru

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