MOSCOW, April 19 (RIA Novosti) – India has resumed exports of grain and other products to Russia, The Economic Times reported.
The newspaper said that shipments of tea, rice, fruits, coffee, seafood, and sweets have been sent to Russia through Georgian ports. Payments for the transactions are carried out by large banks on both sides: Russian Federal Reserve Bank and Alfa Bank on the Russian side, and Bank of Maharashtra on the Indian side.
The report said that the payment was made through the “maximum” use of rubles and rupees, while some banks can also be used the euro.
This comes after India suspended exports to Russia due to uncertainty over sanctions imposed on Russia by Western countries.
The newspaper noted that Russia imports 43-45 million kilograms of Indian tea each year, which makes Russia one of the main consumers of Indian tea in the global market.
Source: RIA Novosti
