KOTRA ADITYA
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contd. Currency & Trade Mechanisms, India and Russia already use rupee–ruble trade for oil. Extending this to fertilizers reduces exposure to dollar fluctuations and sanctions risks. This mechanism also lowers transaction costs and ensures smoother logistics. Joint Ventures & Technology Transfer, Russia could collaborate with Indian PSUs like IFFCO, Rashtriya Chemicals & Fertilizers (RCF) to set up joint fertilizer plants in India. Technology transfer in ammonia synthesis and potash mining would reduce India’s long-term import dependence.
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