Peskov’s remarks, delivered during a virtual briefing with Indian journalists, arrive as Vladimir Putin prepares for his September 12-13 visit to India. While the Russian administration maintains a neutral stance on currency, it acknowledges that 90% of transactions between Russia and BRICS members are now settled in national currencies. This shift follows reports of Russian firms struggling with an accumulation of Indian rupees, a logistical hurdle that Peskov described as a gradual, ongoing resolution.
The upcoming bilateral talks between Putin and Prime Minister Narendra Modi are expected to prioritize economic cooperation, specifically regarding the exploration of rare earth elements. Beyond trade, the agenda includes potential defense deals, with the sale of Sukhoi Su-57 stealth fighter jets currently under discussion. These negotiations take place against the backdrop of an expanded BRICS bloc, which now encompasses ten nations including Brazil, China, South Africa, and the UAE.
Comments (0)
No comments yet. Be the first!