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Exporters seek direct rupee-ruble exchange
Financial Express Chandigarh
|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
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