India Says It's Working with Russia on De-Dollarisation of Bilateral Trade | WHAT REALLY HAPPENED

India Says It's Working with Russia on De-Dollarisation of Bilateral Trade

New Delhi (Sputnik): India says it is working with Russia to overcome payment issues for its strategic imports from that country. Deputy National Security Advisor of India, Ambassador Pankaj Saran said both sides are working on rupee-rouble trade to overcome a crisis caused by US financial sanctions.

Addressing the Second India-Russia Strategic Economic Dialogue in New Delhi on Wednesday, Ambassador Saran said this would help overcome India’s adverse balance of trade with Russia.

“As part of the trading environment, there have been talks about trade in national currencies. This again is still a work in progress and we need to see how we can operationalise and move forward on this idea, because increasingly we see many countries in the world are taking recourse to trading in their own respective currencies", said Ambassador Saran.

Webmaster's Commentary: 

One has to wonder if President Trump understands, to any possible degree, how much these sanctions are hurting - and will hurt - US businesses?!?

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