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    Question

    Which Russian bank launched a rupee-denominated letter

    of credit for Indian suppliers in 2025?
    A VTB Bank Correct Answer Incorrect Answer
    B Alfa-Bank Correct Answer Incorrect Answer
    C Sberbank Correct Answer Incorrect Answer
    D Gazprombank Correct Answer Incorrect Answer
    E Bank Rossiya Correct Answer Incorrect Answer

    Solution

    Sberbank, Russia’s largest bank, launched a rupee-denominated letter of credit for Indian exporters. This move facilitates trade settlement in Indian currency and supports India–Russia bilateral trade.

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