Home/article/India Potash's rouble-rupee payment deal stumbles in Russian bank

India Potash's rouble-rupee payment deal stumbles in Russian bank

Written by: Diksha Kalra

Published: Sep 16, 2026

Updated: Sep 16, 2026

1 min read

Russia's Sberbank has yet to process the first payment from Indian Potash Ltd. under a deal set up before the Ukraine war to enable Indian Potash Ltd. to pay for Belarusian potash using rupees rather than dollars.

Indian Potash Ltd. made its first payment of 1.77 billion Indian rupees to the Sberbank branch in India after setting up an account, according to an Indian Potash Ltd, letter addressed to the chief executive of Sberbank in India, Ivan Nosov.

Stay Connected, Stay Informed –

Join Our

Channel!

Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.