Russia Offers SWIFT Alternative to India for Ruble Payments2 min read . Updated: 30 Mar 2022, 02:14 PM IST
- The plan involves rupee-ruble-denominated payments using Russia’s messaging system SPFS
India’s government is considering a proposal from Russia to use a system developed by the Russian central bank for bilateral payments, according to people with knowledge of the matter, as the Asian nation seeks to buy oil and weapons from the sanctions-hit country.
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