3 ms·
It's actually much better already. Russia is currently getting paid for good part of oil and other natural resources in Indian rupees that are completely useles
by SXX 3y ago
It's actually much better already. Russia is currently getting paid for good part of oil and other natural resources in Indian rupees that are completely useless for Russia.
Since February 2022 India imported products from Russia for $50+ billion - mostly oil.
At the same time India export to Russian is 10 time smaller so there is massive trade difficit of $40+ billions.
[0] https://www.reuters.com/world/india/india-russia-address-trade-deficit-market-access-issues-2023-04-18/ https://www.reuters.com/world/india/india-russia-address-tra...
[1] Official Kremlin source in Russian: https://ria.ru/20230311/indiya-1857181972.html https://ria.ru/20230311/indiya-1857181972.html