India-Russia trade

Alternative to SWIFT urgent need, says Russian Envoy Denis Alipov

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Alternative to SWIFT urgent need, says Russian Envoy Denis Alipov

New Delhi: The BRICS member states are “coherently moving towards creating reliable payment mechanisms through the use of national currencies as well as the dialogue on digital currencies as priority areas. A need of the hour is to have an alternative to the SWIFT system in order to make transactions independent and uninterrupted to promote … Read more

India and Russia have doubled rupee-rouble payments in 2024, says largest Russian bank

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India and Russia have doubled rupee-rouble payments in 2024, says largest Russian bank

A view shows a newly opened office of Russia’s largest lender, Sberbank, in the course of Russia-Ukraine conflict in Donetsk, Russian-controlled Ukraine, June 30, 2024. REUTERS/Alexander Ermochenko | Photo Credit: ALEXANDER ERMOCHENKO India and Russia have doubled their payments in national currencies (rupee-rouble) since last year despite sanctions by the U.S. and European Union, said … Read more