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Russia & India ditching US dollar in defense deals

Russia & India ditching US dollar in defense deals

Publicerat av Tony Harkén tisdag, 19 juni 2018.

Moscow and Delhi are seeking to bypass US sanctions by using the rupee and the ruble in facilitating military deals, according to Indian daily, the Economic Times.

The paper reports that US sanctions are hampering $2 billion in defense deals between Russia and India, as payments are getting stuck. The countries are seeking to avoid this by switching to settlements in domestic currencies and ditching the greenback.

Read more at  - https://www.rt.com/business/430185-russia-india-defense-deals-dollar/

Publicerat av

Tony Harkén

indien

Klockan i Bombay, Indien

IN - Time