India explores setting up rupee trade accounts with Russia to soften sanctions
This is the only way out for India given that it is now caught between a rock and a hard place.<p>The mess created by US&#x2F;EU&#x2F;Russia&#x2F;Ukraine is their problem and cannot be allowed to affect the Indian Economy and People. You created your problems and hence solve them yourself.<p>India has always been a responsible international player (has the World forgotten how India supplied it with Covid vaccines without stockpiling for itself which led to it suffering from a horrendous 2nd wave?) and if sanctions are imposed on India, things will go &quot;further south&quot; in the World. India is poised to be the next &quot;manufacturing hub&quot; of the World (with China now playing hardball) and it is to the World&#x27;s advantage that they do not do anything to hurt India&#x27;s economy in particular; the &quot;Farming Sector&quot; is sacrosanct (more than 50% labour employment - <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Economy_of_India#Sectors" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Economy_of_India#Sectors</a>).<p>For those interested, Wikipedia as usual is a good starting point to understand &quot;Indian Economy&quot; - <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Economy_of_India" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Economy_of_India</a>