Russia and India abandoned the dollar when concluding arms contracts


    Russian ruble and US dollar - 1920, 12/07/2021

    NEW DELHI, Dec 7 – Russia and India have abandoned the dollar in mutual settlements, all payments are made in rubles and rupees, Alexander Mikheev, general director of Rosoboronexport, told reporters in India on Tuesday.
    “By tradition, we call all transactions in dollars for the convenience of counting. In real work, Rosoboronexport has almost 100% moved away from settlements in the American currency. As for India, all mutual settlements are carried out in rubles and rupees. projects that are present in the contract documents signed today. This is a normal modern practice, one of the trends in the world market, “Mikheev said.
    According to him, with such an approach “we do not face the risk of delay in payments when fulfilling our contractual obligations to our partners.”


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