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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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