India-Russia Trade: Modi-Putin to discuss payment mechanisms
Edited By WION Video Desk
Published: Jul 08, 2024, 03:40 IST | Updated: Jul 08, 2024, 03:40 IST
Ahead of the upcoming India-Russia Annual Summit in Moscow, Prime Minister Narendra Modi and President Vladimir Putin are prioritizing solutions to bolster bilateral trade amidst global economic sanctions. A key initiative involves establishing efficient payment mechanisms following Russia's exclusion from the swift banking system, which has underscored the need for alternative transaction channels.
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