Indian banks may join hands with Russia lenders not hit by sanctions

These Indian banks will likely open accounts at their Russian counterparts and vice versa, as decided last week in meetings held in New Delhi to ensure smooth trade flows without violating the economic sanctions on Russia over the Ukraine war. The Reserve Bank of India is expected to come out with an operational circular, paving the way for this.

from Banking/Finance-Industry-Economic Times https://ift.tt/TZgujGJ