South Asia and Beyond

‘Bangladesh To Try Alternative Channels To Trade With Russia’

 ‘Bangladesh To Try Alternative Channels To Trade With Russia’

Bangladeshi Finance minister AHM Mustafa Kamal has said his country will pursue alternative channels like currency swap to overcome problems in trading with Russia, which has been hit by Western sanctions following its invasion of Ukraine. “We don’t think the war will be long. If so, we will then think of alternative arrangements”, ‘Prothom Alo’ quoted the minister as telling reporters after meetings of cabinet committee on economic affairs (CCEA) and cabinet committee on public purchase (CCPP) on Thursday. The CCPP has approved 12 procurement proposals, including the import of 30,000 tons of MOP fertiliser from Russia. “If we are not able to pay to Russia due to the SWIFT embargo, we have to take alternative measures through currency swap”.

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