The European Union, US, and Britain have imposed a lot of sanctions on Russia. So because of that Russian banks and companies are not able to do business in major currencies such as the dollar and euro. In such a situation, the Indian and Russian governments are trying to work out a Rupee-Ruble trade mechanism. Payment for exports made by India through this arrangement will be made in Rupee instead of Dollar or Euro. Similar exports made by Russia will be paid in Ruble.