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.

According to the anonymous Newsweek sources – intelligence officials who fear speaking publicly for fear of severe repercussions – it would be very easy for Vladimir Putin to level the key cities and industries in Ukraine, but he’s not doing it.
The EU has few options as they are reliant upon Russia for energy products oil and gas. If Putin organizes payment in rubles, his currency will automatically increase. This sets the stage for other less hostile countries like the BRICS alliance to assist Putin ideologically and financially by transacting in rubles through the Russian central bank.
♦ In late March 2020, New Zealand recorded 5 cases of COVID-19 infection and immediately shut down everything, locked down borders and citizens, and instituted the most severe restrictions on formerly free citizens in global history.