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Russian FM Sergei Lavrov said this money needs to be used and for this these rupees must be transferred in another currency, which is being discussed.
“This is a problem,” Lavrov told reporters in India’s western state of Goa on the sidelines of the Shanghai Cooperation Organization meeting. “We need to use this money. But for this, these rupees must be transferred in another currency, and this is being discussed now.”
Due to a widening trade deficit with the South Asian nation, Russian banks have accumulated billions of rupees that the government cannot spend.
By Verity Ratcliffe (Bloomberg) — An oil tanker seized by Iran last Thursday was carrying Kuwaiti crude and had a crew of 24 Indians, according to the operator. The US has...
An oil tanker seized by Iran on Thursday was carrying Kuwaiti crude and had a crew of 24 Indians, according to the operator. The US has demanded the