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Russia has made an important exception for trade with India

India will be able to continue to buy oil from Russia with the help of foreign currency
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Russian authorities have offered India to pay for oil supplies from Russia in dollars or euros, turning the rest of the trade into rupees and rubles. This was reported by the American agency Bloomberg, citing its sources.

“The latest offer from Moscow involves paying for imports of Indian oil from Russia in dollars or euros, while the rest of the trade will be settled using a mechanism denominated in rupees and rubles,” the newspaper said. The agency also noted India’s desire to continue bilateral trade with Russia due to the country’s dependence on Russian weapons.

Earlier it was reported that the trade turnover between Moscow and India in 2021 grew by more than 60%, reports RT. Deputy Mayor of Moscow Vladimir Efimov noted that the strengthening of partnerships between Russia and India had a positive effect on the export of Russian companies, the National News Service reported.

Western countries began imposing unprecedented anti-Russian sanctions after Russian President Vladimir Putin announced a special operation to demilitarize Ukraine. In response to the new restrictions, Russia has forced unfriendly countries to buy gas for rubles. The country’s leadership also noted that anti-Russian sanctions are affecting Western countries themselves, as evidenced by violations of payment and logistics systems, as well as rising inflation.

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Russian authorities have offered India to pay for oil supplies from Russia in dollars or euros, turning the rest of the trade into rupees and rubles. This was reported by the American agency Bloomberg, citing its sources. “The latest offer from Moscow involves paying for imports of Indian oil from Russia in dollars or euros, while the rest of the trade will be settled using a mechanism denominated in rupees and rubles,” the newspaper said. The agency also noted India’s desire to continue bilateral trade with Russia due to the country’s dependence on Russian weapons. Earlier it was reported that the trade turnover between Moscow and India in 2021 grew by more than 60%, reports RT. Deputy Mayor of Moscow Vladimir Efimov noted that the strengthening of partnerships between Russia and India had a positive effect on the export of Russian companies, the National News Service reported. Western countries began imposing unprecedented anti-Russian sanctions after Russian President Vladimir Putin announced a special operation to demilitarize Ukraine. In response to the new restrictions, Russia has forced unfriendly countries to buy gas for rubles. The country’s leadership also noted that anti-Russian sanctions are affecting Western countries themselves, as evidenced by violations of payment and logistics systems, as well as rising inflation.

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