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India To Boost Economic Ties With Russia Through Trade In Local Currency

The Morning Standard

|

July 16, 2024

INDIA is seeking to enhance its trade relations with Russia by advocating for rupee-rouble trade and the removal of nontariff barriers, according to a senior government official.

- MONIKA YADAV

India To Boost Economic Ties With Russia Through Trade In Local Currency

This announcement follows Prime Minister Narendra Modi's recent trip to Russia, during which discussions primarily centered on improving the trade partnership. Both nations have set a bilateral trade goal of $100 billion by 2030.

During a press conference, Commerce Secretary Sunil Barthwal mentioned that the Indian government has requested Russia to review certain non-tariff barriers affecting Indian marine food product exports.

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