What is the Rupee-Rouble mechanism, and why is India considering reviving it?

News Today 14.04.2022

In the wake of the Russian invasion of Ukraine, the European Union has prohibited global transactions with Russian entities using euro-denominated banknotes, while the U.S. has cut off Russia’s access to the U.S. Dollar. This has made India, which continues to trade with Russia, consider reviving the Rupee-Rouble mechanism, previously used in 1953. (Read More)


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