Russian Firms Buy $4 Billion Worth of India-Made Arms, Pay In Indian Rupee

Till October, Russian exporters held about $8 billion in Vostro accounts. Due to a lack of investment opportunities in India, the money held in the Vostro accounts of Russian exporters remained unspent, reported LiveMintExporters in Russia, who started trading with India using Indian rupees, have recently spent nearly $4 billion to buy India-made defence equipment and armaments, among other
Till October, Russian exporters held about $8 billion in Vostro accounts. Due to a lack of investment opportunities in India, the money held in the Vostro accounts of Russian exporters remained unspent, reported LiveMintExporters in Russia, who started trading with India using Indian rupees, have recently spent nearly $4 billion to buy India-made defence equipment and armaments, among other
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