Indian lenders and Russia's Gazprombank are in early-stage discussions to establish correspondent banking services for cross-border payment...

Russian banks, including VTB, Sberbank, and Gazprombank, are considering becoming foreign portfolio investors (FPIs) to trade on Indian sto...

Russia is also keen to do more trade in "national currencies and currencies of friendly countries," its Deputy Prime Minister Denis Manturo...

The chief of Gazprombank Schweiz AG, two senior executives at the bank and a client relationship manager neglected to carry out proper due ...

The move to open the special vostro account clears the deck for settlement of payments in rupee for trade between India and Russia, enablin...

Russia's two largest banks - Sberbank and VTB Banks - opened the accounts after receiving the nod from the RBI. Last month, state-owned UCO...

Earlier, the Reserve Bank of India (RBI) came out with a bespoke special rupee account for bilateral trades between rupee and any other cur...

"Large banks with international operations should avoid this business bet as it may pose risks of economic sanctions," said a banker. Earli...

Russia has been hit by sanctions from the United States and allies following its invasion of Ukraine, and Moscow has requested some buyers ...

Under the Rupee Drawing Arrangements (RDAs), the bank of a partner country opens a special INR VOSTRO account with a bank in India. Prasad ...

UKRAINE-CRISIS-BRITAIN-UK sanctions Russians linked to "sham" referendums in Ukraine

The bank has received the necessary approval from the regulator -- the Reserve Bank of India -- to open a special rupee vostro account, Som...

Russia previously has offered natural gas customers to establish an account in dollars or euros at Gazprombank, then a second account in ru...

President Vladimir Putin said last month that buyers of Russian gas from "unfriendly" countries should pay in roubles, a move rejected by E...

Russia's economy is facing the gravest crisis since the 1991 collapse of the Soviet Union after the United States and its allies imposed cr...

The London Stock Exchange said it had suspended nearly 30 listings in Russian companies as sanctions begin to bite.

Sistema-Shyam JV was one of the 9 new telecom operators who were given licences in 2008. It is a JV between India's Shyam Group and Russian...