The Economic Times

'Russia and India's 96% bilateral trade now through Rupee-Rouble payment infra'

Russia and India have established a functioning payments infrastructure using roubles and rupees. This system now accounts for ninety-six percent of their bilateral trade transactions. Bilateral trade between the two nations reached seventy billion dollars in 2024. The payment mechanism is considered one of Russia's most reliable with other countries. Most transactions are processed within ten minutes, with many completed in under a minute.