Turkey is starting to use national currency for import of high-protein wheat from Russia.
According to a October 2 report from the Russian-based SovEko analytical center, Turkey will purchase 30,000 tons of high-protein wheat from Russia and will pay in Rubles. About 17,000 rubles (around $260) per ton of wheat is expected to be paid.
Earlier, Turkish President Recep Tayyip Erdogan announced that Turkey would increase the use of national currencies in its trade with major trading partners, for example Russia. On the other hand, Russia is alsow moving in this direction because the use of national currency in bilateral trade allows minimize the negative impact of external factors.
Meanwhile, India is reportedly preparing to make payments through the rupee-rouble route in the deal to buy four Talwar-class frigates from Russia.
This approach will allow the sides to avoid any kind of US economic sanctions aimded at undermining the economic and military cooperation between the side.