Sep 11, 2026, 5:22 PM1 views

India, Russia explore digital currency payments

India, Russia explore digital currency payments for trade in cross-border breakthrough

ET OnlineLast Updated: Sep 11, 2026, 05:27:00 PM IST

Synopsis

India and Russia are exploring digital currency payments for bilateral trade, potentially opening a faster route for cross-border settlements as BRICS seeks alternatives to traditional payment systems. Sberbank CEO Herman Gref said the initiative could support trade expansion, while Russian companies’ rupee holdings and the widening trade imbalance remain key challenges.

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