India Russia Friendship: This Muslim country became a ‘bridge’ of friendship between India and Russia, PM Modi also considers a true friend – uae became bridge of friendship between india and russia foreign trade settlement in dirham not in yuan

This is how UAE became a bridge between India and Russia

According to a Reuters report, India will refrain from trading in China’s currency Yuan as long as the dispute on the border remains and relations are not normal. Indian refineries have paid for some Russian oil purchases in rubles in recent times. But most payments are still being made in other currencies. However, both the countries are yet to finalize the framework. Indian officials say that in the coming months, most of the trade with Russia will be done in dirham.

It is being told that there are branches of the Russian Bank in the UAE and the Bank of the UAE in Moscow, and that is why currency exchange is being done easily in both the countries. India has already made many payments through this route. Explain that India has not yet condemned Russia’s attack on Ukraine even after pressure from America and Western countries. India is still buying the most arms from Russia. Apart from this, Russian President Vladimir Putin is also expected to visit India to participate in the G-20 conference. On the other hand, if we talk about UAE, friendship with India is in full swing at this time. UAE is going to invest in Kashmir. PM Modi had visited UAE recently and praised the friendship between the two countries.