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Tag: rupee-rouble trade arrangement

Explained | Why are India-Russia trade payments in crisis?

Posted on July 8, 2023 By admin
Explained | Why are India-Russia trade payments in crisis?

Oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia on June 4, 2023. | Photo Credit: Reuters The story so far: As India continues to import oil from Russia, it is getting tougher for the country to pay for it. On the one hand, it faces repercussions of breaching the oil price cap…

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