Russia's Foreign Minister, Sergei Lavrov, announced that India will propose investment options for the billions of rupees Russia has accumulated due to stagnating imports. This statement came after the 18th G20 Summit, where Lavrov represented Russia in place of President Vladimir Putin. With difficulties in repatriating funds due to local currency restrictions, Russia seeks to find mutually beneficial ways to utilize these rupees.
Lavrov also confirmed that Russian arms contracts with India remain in force despite payment challenges caused by sanctions related to Russia's Ukraine invasion. He expressed diplomatic victory at the G20 summit, emphasizing that the text did not mention Russia, and criticized the West for unfulfilled climate change promises. Lavrov praised India's G20 presidency for effectively uniting Global South countries like Brazil, South Africa, China, and India.