India, Russia to Proceed with Trade in National Currencies

Key Points

• 1India and Russia have decided to establish a system for national currency settlement.
• 2The discussions between the Indian and Russian delegations focused on economic aspects.
• 3Russia is the fourth largest trading partner of India.
• 4Trade between Russia and India has grown significantly, especially in energy, expanding after Western sanctions were imposed.
• 5The two leaders discussed Indian nationals fraudulently inducted into Russian forces, with assurances of their return.