![]() Moscow believes it will end up with an annual rupee surplus of over $40bn (£31.7) if such a mechanism is worked out and considers rupee accumulation "not desirable", an Indian government official told Reuters.Īnother Indian official said Russia wanted to be paid in Chinese yuan or other currencies. It will likely be a major setback for Indian importers of cheap oil and coal from Russia, who were awaiting a permanent rupee payment mechanism to help lower currency conversion costs. ![]() "For this, rupees should be converted into other Use this money," Sergei Lavrov, Moscow's foreign minister, told a press conference in India. Of rupees accumulated in accounts at Indian banks and we need to ![]() "As for rupees, this is a problem because there are billions India and Russia suspended efforts to settle bilateral trade in rupees after months of negotiations failed to convince Moscow to keep the currency in its coffers. Russia has accumulated billions of rupees and needs to convert them into other currencies, Russia's foreign minister has said. The European Union imposed sanctions on Mr Mizintsev in June, calling him the "Butcher of Mariupol". Obviously not the last general who was out of place amid the Gray Zone, a highly-followed Telegram channel affiliated with Wagner, wrote that Mr Mizintsev had become "not the first and Mr Mizintsev, who orchestrated the siege of the Ukrainian city of Mariupol in the early months of the war last year, had only been made deputy defence minister in charge of logistics and supplies last September. Last month Wagner founder Yevgeny Prigozhin's press service said he had offered to take on Mr Mizintsev the day after he was reportedly sacked by the Defence Ministry. Two videos posed by war correspondent Alexander Simonov on Telegram show Colonel General Mikhail Mizintsev clad in Wagner-branded combat gear as he visits a training camp and tours Russian positions in the eastern Ukrainian town of Bakhmut. Russia's former deputy defence minister has joined the mercenary Wagner group as a deputy commander after he was apparently sacked, Russian pro-war social media channels have reported.
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