Russian importers tapping small Indian businesses to avoid sanctions
2022-05-18 13:12:27 Exim News
As the Ukraine conflict drags on and
sanctions tighten around Russia’s economy, Russian importers are reaching out
to small Indian businesses to secure fresh produce, auto parts, medical devices
and other key goods, it is learnt.
Private sector
players in Russiaopening bank accounts at home for rouble-to-rupee transactions
Private sector players in Russia have met with
potential suppliers in India’s big cities and are opening specialised bank
accounts at home for rouble-to-rupee transactions, with the blessing of the two
governments.
