OUR SPECIAL CORRESPONDENT:Eastern Chronicle 24×7. 23rd August, 2024.
New Delhi, 23rd Aug’2024. Whereas India, from independence there is businesses dealings with more and more with Russia. Hence, more exports, from China is accepted by India. More IT products, drones, and technologies based products import to maximize import to Russia, Ukraine, Azerbaijan
After, Iran & China, now United States wants to restricts India, while Bilateral International Trades with RUSSIA specially. In 2023, India trades with Russia, near about six lakhs crores in rupees. By 2025 it is expected to rise into more than fifteen lakhs chores in rupees. And India expects it will rise upto Eighty-five lakhs corores in 2030.
Cruise, missiles, drones, machinery parts, chemicals, chemical fertilizers, IT usuable products, export from India. Recently US restricts some private companies in Bengaluru. Constantly United States red eyes to Indian companies to restricts to exports.
On that occasion, a bi-letarel talks in between two countries will held.
As there restrictions for Russian companies, which are trades with India, no us dollar can transact for trade. Directly, rupees & rubel was transacted. One special types of Bank accounts use for the transactions. The such type of accounts called ‘ vestro ‘.
- According to British News Agency Reuters, United States, foreign currency special investigative teams write up Letters to Indian Banking Association (IBA), the association of all Indian banks, about the restrictions.
