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$147 billion frozen in Russian accounts in India

Bloomberg reports on the accumulation of significant funds of Russian companies in India - up to $ 1 billion in rupees per month. The currency restrictions that exist in the country make this money almost impossible to use, thus leaving it "trapped".

Since the start of Russia's military operation in Ukraine, Russian companies have accumulated cumulative net foreign assets totaling about $147 billion, according to Bloomberg Economics. Each quarter, this financial imbalance is likely to generate between $2 billion and $3 billion, which would also be difficult for Russia to exploit, the agency said.

The situation, according to agency sources familiar with the course of negotiations between Russia and India on this issue, is a dead end. In light of this, Moscow expects a further increase in savings in Indian rupees.

This situation highlights the difficulties Russian companies are facing due to the current geopolitical circumstances.

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