Russia Moves to Deepen Financial Links with India — Central Bank to Open Office in Mumbai
In a significant step toward strengthening bilateral economic ties, Russia’s Central Bank has announced plans to establish its first-ever representative office in India. The new office — set to open in Mumbai — will serve as a major hub for financial cooperation between the two countries. It will operate under the supervision of Vladimir Chistyukhi
n, First Deputy Chairman of the Bank of Russia, one of the institution’s top-ranking officials. The move is expected to streamline banking communication, support trade settlements, and expand financial engagement between Moscow and New Delhi as both nations continue to shift toward deeper strategic and economic cooperation.