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India, Russia strike dollar after Trump tariff threats? Big joint move on currency amid US fears
Published on Jul 31, 2025 04:45 pm IST
Russia’s Ambassador to India, Denis Alipov, has announced major advances in Russia-India financial cooperation. With U.S. President Trump ramping up pressure by imposing 25% tariffs and new penalties related to Russia ties, Alipov emphasized that the two allies are moving well beyond using national currencies in trade. Ongoing efforts are focused on integrating payment systems and banking infrastructure to create a more efficient, barrier-free environment for financial exchanges.
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