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Russian companies enter Indian e-trade platforms

Published on December 19, 2022
Current Context: Memorandum of Understanding (MoU) was signed between India and Russia to enable Russian companies to Enter Indian e-trade platforms.
Russian companies enter Indian e-trade platforms
  • Sergey Cheremin, Minister of International Relations from the Government of Russia has signed this MoU.
  • This will enable Russian products to be promoted and sold on platforms like Flipkart.
  • Currently, RBI and Sberbank of Russia are planning to make payments under the “Ruble-Rupee” scheme an alternative to the SWIFT payment system.
  • For a long time, India has served as its Trade and economic partner in Russia.
  • The accumulated investment from India into Moscow’s economy is USD 143 Million as on January 2022.
  • This will help the local entrepreneurs and enterprises to find and promote investment projects in the territory of both India and Russia.

Question:

Q.1 What is the accumulated investment from India into Moscow, as on January 2022?
a. USD 150 Million
b. USD 148 Million
c. USD 143 Million
d. USD 154 Million

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