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Exporters seek direct rupee-ruble exchange
Financial Express Kochi
|November 27, 2025
INDIAN EXPORTERS ARE facing mounting payment delays on shipments to Russia as sanctions widen and banks grow wary of handling transactions, prompting calls for a direct rupee-ruble exchange mechanism.
"The rupee-ruble trade mechanism has not worked smoothly, and some multinational banks of Indian origin are reportedly not accepting payments from Russia and not issuing e-BRC as they are afraid of losing business in north America and Europe due to sanctions on Russia," the Engineering Ex
This story is from the November 27, 2025 edition of Financial Express Kochi.
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