Trade between India and Russia has experienced a significant boost since the West imposed sanctions on Russia last year for its invasion of Ukraine. This has led to a change in the flow of oil and other goods, making Russia the largest supplier of crude to India this year. The growing relationship has been expedited with Russia's Gazprombank playing a pivotal role by expanding their links with banks in India to facilitate trade between the two countries in national currencies.
Gazprombank is Russia's third-largest lender…Gazprombank Strengthens Partnership With Indian Banks To Expedite Trade
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