Indian central bank meets with major Russian financial institutions

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MUMBAI (CU)_During the weeks following Moscow’s decision to invade of Ukraine, the United States, the United Kingdom and the European Union, together with several other Western allies, imposed sanctions on a host of Russian officials and entities, including some of the major Russian financial institutions like Sberbank, Gazprombank and VTB Bank. Now, just days before the sanctions imposed by Washington come into effect, officials of the three firms held a meeting with the Reserve Bank of India (RBI).

The Economic Times reported that the meeting was aimed at…

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