India set to bypass US dollar for trade with Russia. The Ruble is back. All post invasion losses erased.

India set to bypass US dollar for trade with Russia

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A system that could allow the direct rupee to rouble payments could be launched this week, enabling trade between India and Russia. A Sakthivel, President of the Federation of Indian Export Organisations recently told CNBC that the arrangement would pave the way for financial operations between the two countries as they bypass the US dollar..

The move would essentially allow Indian exporters to continue business with Russia despite the US sanctions. Sakthivel went on to add that the sanctions actually allow the Indian economy to make expansion into the Russian markets


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