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Russia and India have converted more than 90% of mutual settlements into national currencies

August, 20 2025

Russia and India have almost completely abandoned the use of the dollar and the euro in mutual settlements, transferring over 90% of payments to national currencies.

This was stated by First Deputy Prime Minister Denis Manturov at the 26th meeting of the intergovernmental commission on trade and economic cooperation, which is taking place in Moscow today.

According to him, the key task remains to ensure uninterrupted payments in a changing international environment. The commission's meeting is chaired by Manturov and Indian Foreign Minister Subramaniam Jaishankar, who are discussing trade, economic, scientific, technical and cultural cooperation.

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Ekonomické správy

Russia and India have converted more than 90% of mutual settlements into national currencies

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