Russia's Rupee Reserves Remain Unused.

1 min read
Source: South China Morning Post
Russia's Rupee Reserves Remain Unused.
Photo: South China Morning Post
TL;DR Summary

Russia has billions of Indian rupees that it cannot use due to sanctions imposed after the invasion of Ukraine. The money must be transferred into another currency, but this is proving to be a problem. India has been buying discounted Russian oil in response to the West's sanctions.

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