Archive · 14 Aug 2025
India to Discuss Rupee Trade with Russia Amid US Concerns
India is planning to talk about using Indian money for trade with Russia.
A group of Indian officials will go to Russia to discuss this.
The US is not happy about India buying oil from Russia and has put tariffs on Indian goods.
However, India's trade with China is growing, with more goods being bought and sold.
Also, the Indian Prime Minister will go to China soon for a meeting.
India to discuss rupee-denominated trade with Russia.
A high-level Indian delegation will visit Moscow to discuss the trade.
The US has imposed tariffs and expressed concerns over India's trade with Russia.
India's trade with China is growing, with both imports and exports increasing.
PM Modi is expected to visit China for the SCO Summit.
- Who
- Indian delegation; External Affairs Minister S Jaishankar; US President Donald Trump; Prime Minister Narendra Modi; Chinese Foreign Minister Wang Yi.
- What
- Discussions on rupee-denominated trade between India and Russia.
- When
- Next week; July 2024-2025.
- Where
- Moscow, Russia; China.
- Why
- To advance rupee trade mechanism and address US concerns
US Relations
India and Russia
Trade Relations
US Relations
The US has imposed tariffs on India.
India and Russia
India is advancing Rupee denominated trade with Russia.
- Meeting Location
- Moscow, Russia
- Key Participants
- Indian delegation, EAM Jaishankar
- Topics
- Rupee-denominated trade, rare earth magnets.
- Related Events
- SCO Summit
- India's exports to China (April-July 2025)
- $5.76 billion
- India's imports from China (April-July 2025)
- $40.66 billion
Sources
Jaishankar to meet Russia FM in Moscow on Aug 21
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