(T.E.T)
Days before the US sanctions on Russian banks come into effect on March 26, the Reserve Bank of India (RBI) this week held a meeting with officials of three large Russian financial institutions-VTB, Sberbank and Gazprombank-to explore a possible payment mechanism for trade between the two countries.
ne of the options, according to banking sources, is a deeper engagement of the Russian banks which have a presence in India – particularly VTB and Sberbank that run branch operations
