The head of Russia's largest bank said the Russian central bank is working with the Reserve Bank of India to build a mechanism to settle bilateral trade in digital currencies, aimed at speeding and making cross-border payments more efficient. Russia launched its digital ruble on Sept. 1; India piloted a central bank digital currency in 2022 and has used it in some government projects. The Kremlin said Russia will raise digital-currency trade settlement at this week's BRICS summit in New Delhi, a

The head of Russia's largest bank said the Russian central bank is working with the Reserve Bank of India to build a mechanism to settle bilateral trade in digital currencies, aimed at speeding and making cross-border payments more efficient. Russia launched its digital ruble on Sept. 1; India piloted a central bank digital currency in 2022 and has used it in some government projects. The Kremlin said Russia will raise digital-currency trade settlement at this week's BRICS summit in New Delhi, and India supports the initiative.