
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.
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