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
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

Russia, India abandon US dollar in mutual settlements

  • By Al Mayadeen
  • Source: Agencies
  • 7 Dec 2021 09:19
  • 159 Shares
2 Min Read

Russia and India have agreed to ditch the dollar as a means of mutual settlements, as Washington continues to impose sanctions on Moscow.

  • x
  • Russia and India to ditch the dollar as a means of mutual settlements as Washington continues to impose sanctions on Moscow.
    Prime Minister Narendra Modi and Russian President Vladimir Putin in New Delhi (PTI photo)

Alexander Mikheev, Director General of Russia's state arms exporter, Rosoboronexport, announced, on Tuesday, that Russia and India have abandoned the use of the US dollar in mutual settlements, with all payments made in rubles and rupees.

Mikheev told reporters in New Delhi, "By tradition, we name all transactions in dollars for ease of calculation. In real work, Rosoboronexport has moved away almost 100% from settlements in the US currency. As for India, all settlements are carried out in rubles and rupees. In addition, we are actively practicing offset projects, which are also present in the contracts signed today. This is normal modern practice, one of the trends in the world market.”

With such an approach, the sides "do not face the risk of delays in payments when fulfilling our contractual obligations to our partners," he added.

Related News

Trump shifts tone on Ukraine amid frustration with Putin: FT

Russia rejects Israeli pressure regarding Iran nuclear file: Exclusive

It is worth mentioning that India's Foreign Minister announced Monday that Russia has begun delivering to his country the Russian S-400 ground-to-air missile defense system, against which the US threatened to impose sanctions. 

"Supplies have begun this month and will continue to happen," Indian Foreign Secretary Harsh Vardhan Shringla confirmed after Russian President Vladimir Putin's visit to New Delhi.

I warmly thank H.E. President Putin for his visit to India. We exchanged very useful ideas for expanding our strategic, trade & investment, energy, connectivity, defence, science & technology and cultural cooperation. We also shared views on important global and regional issues. pic.twitter.com/FQGFgQzsfX

— Narendra Modi (@narendramodi) December 6, 2021

Praising India at the beginning of his visit to New Delhi, Putin discussed defense agreements, military relations, and energy cooperation between the two countries.

  • Russia
  • India
  • Dollar
  • mutual settlements
  • Putin

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

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