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  • Russia says there's a problem with billions of rupees it has in India that need to be converted

    05/07/2023 9:35:16 PM PDT · by Cronos · 28 replies
    Yahoo ^ | 6th May 2023 | Filip de Mott
    Russia has billions of rupees sitting in Indian banks but acknowledged there's a problem as it looks for ways to convert that currency. Foreign Minister Sergei Lavrov noted the widening trade deficit with India, which has been a top buyer of Russian oil since Moscow launched its war on Ukraine last year. "As for rupees, this is a problem because there are billions of rupees accumulated in accounts at Indian banks and we need to use this money," Lavrov told reporters in India on Friday. "For this, rupees should be converted into other currencies. This is being discussed." The comments...