Economy / FinanceAsiaPoliticsRussia

India-Russia Currency Swaps Bypass U.S. Sanctions


India and Russia will have currency swaps in place to finance trade in rupees and rubles, bypassing the U.S. sanctions regime against Russia, the president of India’s export association told CNBC Wednesday (March 23).

Deal if executed will be first open departure from the dollar-based system of international trade financing

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