Moscow and New Delhi have agreed to move away from the dollar and euro in mutual trade, Zamir Kabulov, a senior official at the Russian Foreign Ministry, told RIA Novosti on Wednesday.
Although the two countries have decided to switch to national currencies, a full-fledged transition won’t be possible until remaining trade imbalance issues are resolved, Kabulov explained.
“India still buys from us more than five times than it sells. Specialists are working on this, looking for a reasonable compromise,” the diplomat said.
www.rt.com/business/568652-russia-india-ditch-dollar-euro/
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