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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.


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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