The Epoch Times India is finalizing an alternative payment system that will allow it to continue trading with Russia, which has been subjected to a barrage of Western sanctions since its invasion of Ukraine, an Indian newspaper reported on March 13.
The Indian government is finalizing a bank to set up an alternative payment system that will allow Russia to deposit rubles while India deposits rupees, an official familiar with the matter told Hindustan Times.
The official said that talks are on with representatives of the Reserve Bank of India, the State Bank of India, and Kolkata-based UCO Bank regarding the payment mechanism…
