A proposal is currently under review to facilitate trade between Russia and Bangladesh using the Indian rupee as the settlement currency. This move is intended to bypass traditional payment hurdles that have complicated financial transactions between the two nations, particularly in the wake of international sanctions imposed on Russia.

To support this transition, the proposal outlines the development of a dedicated payment infrastructure. A key component of this plan involves the establishment of a Russian bank branch within Dhaka, Bangladesh. This would allow for more direct financial dealings and reduce reliance on third-party currencies or banking systems that may be restricted by global geopolitical tensions.

While the proposal is being actively reviewed, details regarding the timeline for implementation or the specific regulatory hurdles remain limited. The shift toward using the Indian rupee reflects a broader regional trend of countries exploring alternative settlement mechanisms to maintain trade flows despite external economic pressures. As of now, the proposal remains in the discussion phase, and both nations are evaluating the feasibility of the banking infrastructure required to make such a system operational.