India Seeks Eased Trade Barriers in Russia to Utilize Accumulated Roubles
11 hours agoBusiness
42LENS
1 SourcesRussia
TBNthebalanced.news
India Seeks Eased Trade Barriers in Russia to Utilize Accumulated Roubles

India is urging Russia to reduce trade barriers for its exports, including electronics, engineering goods, and food products. This initiative aims to utilize approximately $50-55 billion in roubles accumulated in Russian bank accounts due to a significant trade imbalance, largely driven by India's crude oil imports. Indian exporters face challenges such as software requirements, stringent standards, and local language compliance, hindering their access to the Russian market. The issue has been raised at the highest government levels.

Political Bias
33%34%33%
Sentiment
55%