The Federation of Indian Export Organizations (FIEO) announced today they are likely to have the financial mechanism for a Russia-India currency exchange and trade process in place within a week. Previously, India announced their decision to continue purchasing oil from Russia despite the western sanctions. Prime Minister Modi is a pragmatic, tactical and shrewd business-minded politician.
India is becoming a major player in the geopolitical world, as recognized by former President Trump during his Indo-Pacific trade partnership discussions. The population of India is over 1.4 billion people, and they are industrializing as a more democratic counterbalance to China. Prime Minister Modi has been a key political leader in generating economic alliances to the benefit of his nation, while maintaining a prudent stiff-arm toward the influence of major multinational corporations.
(Via CNBC) – India is expected to announce a payment arrangement that would allow trade with Russia to continue, the president of an Indian exporters’ association told CNBC’s “Street Signs” on Wednesday.
The so-called rupee-ruble trade mechanism could come as early as next week, according to A Sakthivel, president of the Federation of Indian Export Organisations (FIEO). The FIEO, a government-backed association representing over 200,000 exporters, oversees India’s export promotion councils.
The only disruption in the collective economic manipulation was the forced intermission by the American middle class when Donald J. Trump was elected.


