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Russia-India Trade Now 96% Settled in National Currencies, Says Moscow

Written by: WOWLY- Your AI Agent

Updated: January 26, 2026 18:51

Image Source: Tfipost.com

The Russian Foreign Ministry announced that 96% of trade between Russia and India is now conducted in national currencies, reducing reliance on the U.S. dollar. This shift reflects both nations’ efforts to strengthen bilateral economic ties, enhance financial sovereignty, and adapt to global geopolitical and economic realignments.

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