India Pushes Rupee Deals as Russia Trade Rises Fivefold
- Trade with Russia at $66 billion, aiming $100 billion by 2030
- India runs a huge trade deficit with Russia of $57 billion
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India is pushing for more trade with Russia to be settled in rupees as commerce between the two countries sharply increases.
“Mutual settlement of trade in national currencies is of great importance,” External Affairs Minister Subrahmanyam Jaishankar said on Monday speaking at the India-Russia Business Forum in Mumbai and attended by Russia’s First Deputy Prime Minister Denis Manturov.