A dedicated payment infrastructure and a branch of a Russian bank in Dhaka may be among proposals, per local reports
Russia has reportedly proposed a mechanism for settling trade with Bangladesh in Indian rupees to bypass US sanctions and facilitate payments for the Rooppur Nuclear Power Plant, local media has reported.
Dhaka has been unable to make the loan repayments for the Russian-financed plant due to US sanctions on Russian banks.
Moscow’s proposals to overcome the disruption in payment are likely to be discussed at bilateral talks to be held later this year, Bangladesh media reported, citing unnamed officials in Dhaka’s Economic Relations Division (ERD).
RT sources have not confirmed the reports, but they acknowledged that the issue of making payments for the Rooppur nuclear power project remains unresolved.
Bangladesh media also reported that Moscow has proposed establishing a bilateral payment infrastructure and renewed its proposal to open a local branch of a Russian bank.
However, RT sources pointed out that, excluding the nuclear power plant, trade between Moscow and Dhaka is too limited to justify building a mechanism for making national-currency payments from scratch.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: rt.com
