Why Russia and India have suspended talks to settle trade dues in rupees ? —Trade with Russia –cannot be settled in dollars for obvious reasons [1] in dollar terms– Exports to Russia 3/4 billion dollars and imports–at its peak level —are 51 billion dollars – per month -[2] and because of adverse trade gap –balances in rupee terns r bulging which Russia cannot put to use –Courtesy BusinessLine 6.5.23

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