According to sources and published in The Hindustan Times, Russia uses billions of Rs stuck in India as a result of oil sales, for investing in Indian actions, government securities and infrastructure.
It also solved the problem of payments under the defense agreements that were in the development stage. In particular, by 2025 it was expected to be supplied by Russia of two air defense systems C-400.
Supply of energy for the rupees and discounts went to India since 2022, when the Russian Federation was disconnected from SWIFT.
Trade is actively ongoing. In April, the proportion of oil suppliers to India increased to almost 40% compared to 30% in March, reaching the nine -month maximum.
According to the publication, the Russian Federation and India, they still lead most of their trade in their national currencies, sometimes using dirchs (UAE).
India does not want to trade in Chinese yuan.
