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National currencies account for 96% of Russian-Indian trade — Russian Foreign Ministry

Deputy Foreign Minister Andrey Rudenko said the task of reaching the level of $100 billion by 2030 is confirmed

MOSCOW, January 26. /TASS/. Russia and India are improving the direct mutual payments system and 96% of settlements are already taking place in national currencies, Russian Deputy Foreign Minister Andrey Rudenko said.

"Our leaders confirm the task of reaching the level of $100 billion by 2030. This is quite possible," the deputy minister said.

"To do this, we will deepen logistical, technological and investment cooperation, including cooperation in developing the North-South international transport corridor and the Northern Sea Route, and improving the system of direct mutual payments, with national currencies already accounting for 96% of them" Rudenko added.

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Foreign policy India Trade & Cooperation

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