Russia-India Trade Shifts: 90% of Transactions Bypass the US Dollar
Russia and India have deepened financial ties, with nearly 90% of direct transactions now conducted in their national currencies.
Russian Ambassador Denis Alipov confirmed that mutual payments remain stable, and discussions are ongoing to integrate Russia’s Mir and India’s RuPay payment systems. Trade between the two nations grew by 8.6% in the first 11 months of 2024, reaching $64.5 billion.
Russia remains India’s second-largest supplier after China, highlighting a global shift away from the U.S. dollar as both countries strengthen economic cooperation.
Clever Robot News Desk 12th February 2025
