India’s decision to continue buying Russian commodities could lead to a major change in trade patterns that could boost tonne mile demand, says a top shipping analytics firm.
The country has chosen to maintain its commercial ties with Russia, despite intense pressure from the US, Japan and other western allies.
The development has since become more substantial, with the Indian central bank reportedly drawing up plans for a direct rupee-rouble trade mechanism that will side-step western sanctions on Russian financial transactions.
