Financial Times/Chloe Cornish/3-16-2022
“India’s central bank is in initial consultations on a rupee-rouble trade arrangement with Moscow that would enable exports to Russia to continue after western sanctions restricted international payment mechanisms.”
USAGOLD note: Financial Times observes that an India-Russia trade agreement that circumvents the dollar “risks provoking an angry response” from the U.S. and its allies. We are surprised that this article was sent to the back pages of Friday’s FT and not featured more prominently, but the article gives the impression that much is left to be negotiated within India itself before any agreement is enacted.
