Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country
AEOI Chief Mohammad Eslami: We witnessed new, stricter stances from European countries since signing new agreement with IAEA
Saree: Our UAV force targeted the so-called Ramon Airport in the Umm al-Rashrash area in southern occupied Palestine
YAF spokesperson Brigadier General Yahya Saree: Our rocket force carried out an operation with a Palestine 2 hypersonic ballistic missile targeting a sensitive target in the occupied Yafa area
Trump administration clears first Ukraine arms aid package paid for by allies: Reuters, citing sources
Saudi Crown Prince Mohammad bin Salman receives Secretary of Iran's Supreme National Security Council Ali Larijani at his office in Al-Yamamah Palace
Wakim: Surrender is not in our dictionary, and it is not true that "Israel" can implement its project in Lebanon and the region
Wakim: The US is preventing the armament of the Lebanese army. The question is, why are the weapons it is handed over by the Resistance being destroyed?
Wakim: The Resistance is required to hand over its weapons to the [current] authority. The question is: Is this authority independent or subservient to America?

Putin, Modi likely to discuss money transfer mechanisms in Moscow

  • By Al Mayadeen English
  • Source: Agencies
  • 7 Jul 2024 17:39
  • 1 Shares
3 Min Read

The two presidents are scheduled to launch a mechanism that would allow visitors and students to use their national currencies when visiting.

Listen
  • x
  • Putin, Modi likely to discuss money transfer mechanisms in Moscow
    India's PM Narendra Modi meets with Russian President Vladimir Putin on the sidelines of the Shanghai Cooperation Organization leaders' summit in Samarkand on September 16, 2022. (AFP)

Russian President Vladimir Putin and Indian Prime Minister Narendra Modi are expected to discuss procedures for smooth money transfers between the two countries at their upcoming discussions in Moscow, according to Indian The Economic Times, citing sources.

India's Prime Minister Narendra Modi is expected to hold talks with Russian President Vladimir Putin during his visit to Russia next Monday and Tuesday, the Kremlin announced on Thursday. 

The two leaders will discuss “prospects for further development of traditionally friendly Russian-Indian relations, as well as relevant issues on the international and regional agenda,” the Kremlin said in a statement.

According to the source, the two presidents are also scheduled to launch a mechanism that would allow visitors and students to use their national currencies when visiting, such as RuPay cards in Russia and Mir cards in India.

Related News

Putin first to speak as Trump says ‘no deal yet’ in Alaska summit

Zelensky proposes new peace talks with Russia next week

Moscow and Delhi have reached a 60% usage of national currencies in commerce; nevertheless, the newspaper still needs to develop a faster and easier means to move money, particularly in light of Russia's ban on SWIFT, the newspaper claimed.

According to the article, the next conference would also boost Russian-Indian cooperative defense manufacturing.

The development of Indian-Russian relations

Russia and India have had strong bilateral relations since the Cold War, and New Delhi has acted as Moscow's key trading partner since the start of the Russia-Ukraine war. However, the relationship between the two countries has seen tension due to Russia's close developments with India's primary competitor, China.

New Delhi has become a prominent purchaser of Russian maritime oil amid Western sanctions on Moscow. Trade between India and Russia surged to $65.7 billion in the fiscal year ending March 2024, a notable 33% rise from the preceding year.

India and Russia are reportedly working together to ensure year-round access to the Northern Sea Route, which spans Russia's northern coast and serves as the shortest shipping route between East Asia and Europe. Their goal is to enhance the transportation of goods to emerging markets by utilizing trade routes effectively.

Moreover, both nations aim to increase their trade volumes by utilizing the Vladivostok-Chennai maritime route, which connects Russia's Far East with southern India.

  • Narendra Modi
  • Russia
  • Russian President Vladimir Putin
  • Vladimir Putin
  • Moscow
  • India

Most Read

Pro-"Israel" conservative Charlie Kirk shot during Utah speech

American far-right activist Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025
A screengrab from the ad played on Fox News. (X Screengrab)

Fox airs ad warning Trump not to let Netanyahu 'play' him on Gaza

  • US & Canada
  • 11 Sep 2025
Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

  • Palestine
  • 14 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Britain Trained Israeli Soldiers Involved in Gaza War: Declassified
Europe

UK training of Israeli officers sparks outcry over Gaza war complicity

Luxembourg's Prime Minister Luc Frieden arrives for an EU summit at the European Council building in Brussels, Thursday, June 26, 2025. (AP Photo/Omar Havana)
Politics

Luxembourg to recognize Palestine at UN summit next week

European Union flags flap in the wind outside EU headquarters in Brussels, Wednesday, Sept. 3, 2025 (AP)
Politics

EU exec. branch to adopt new sanctions against 'Israel' on Wednesday

Charlie Kirk killing suspect faces charges in Utah court hearing
US & Canada

Charlie Kirk murder suspect faces formal charges in Utah court hearing

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS