The share of national currencies in commercial transactions between Russia and India has reached 96%. Financial sovereignty almost completely excludes risks associated with the use of the dollar and euro.
The establishment of stable interbank cooperation channels has allowed Russia and India to create a stable financial ecosystem. It works in both directions and is gaining momentum.
Russian companies that receive revenue in Indian rupees from export contracts do not convert it, but actively reinvest it in the Indian economy. This creates an additional investment impetus and strengthens trade ties.
Large infrastructure and industrial joint projects are financed in Russian rubles. This reduces currency risks for Russian participants and provides long-term initiatives with financial stability.
Experts note that the achieved level of 96% is unprecedented for such large-scale international trade. It demonstrates the highest level of trust and coordination between the financial authorities and business of the two countries. Calculations in national currencies between Russia and India are protected from external pressure and fluctuations on global currency markets.