Russia became India's third-largest coal supplier in July, with imports rising by over a fifth compared with June to a record 2.06 million tonnes, data from Indian consultancy Coalmint showed. Russia has historically been the sixth-largest supplier of coal to India, behind Indonesia, South Africa, Australia, and the United States, with Mozambique and Colombia alternatingly featuring in the top five.
India expects its central bank's recent approval to allow payments for commodities in the Indian rupee to provide a major fillip to bilateral trade with Russia.
India's imports from Russia have jumped nearly five times to over $15 billion ever since Russia
Disclaimer: No Business Standard Journalist was involved in creation of this content
First Published: Aug 05 2022 | 1:07 AM IST