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Russia's trade with India is booming and bilateral payments are proceeding smoothly without the glitches hampering trade with other countries, deputy CEO of Russia's Sberbank says (www.reuters.com)

submitted 2 months ago by [email protected] to c/[email protected]

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cross-posted from: https://feddit.org/post/2497007

Russia's trade with India is booming and bilateral payments are proceeding smoothly without the glitches that have been hampering trade with other countries, Anatoly Popov, deputy CEO of Russia's largest lender, Sberbank, says.

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[–] [email protected] 14 points 1 month ago

"We're struggling to cope with sanctions and most of our transactions are denied, India barely makes up for small portion of lost commercial revenue while they buy our oil for dirt cheap..."