20/12/2025
According to four people familiar with the situation, Russian lenders Gazprombank and Alfa Bank have applied for permission to start doing business in India as Moscow works to expand trade with its largest seaborne oil client.
As India and Russia strive for $100 billion in bilateral trade by 2030, up from the current $69 billion, U.S. President Donald Trump has increased pressure on New Delhi regarding its connections with Moscow.
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