Russia offers India way of bypassing Western sanctions – media ...News

Moscow reportedly wants dollar payments for oil, ruble or rupee for rest Moscow has reportedly proposed a plan for India to pay for Russian oil in US dollars or euro, while using a rupee-ruble-denominated mechanism for other goods. The new mechanism is designed to allow more trade in local currencies as economic pressure mounts on Russia over its military operation in neighboring Ukraine, according to people with knowledge of the matter quoted by Bloomberg. The proposals were reportedly discussed between Russian central bank officials and their Indian counterparts with the participation of officials from the finan

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