Desk Report: A high-powered government delegation will visit Russia this month to discuss ways to establish direct banking channel between the two countries, officials said, reports The Financial Express.
The ministry of commerce (MoC) has been working out specific agenda to be discussed during meetings between the two sides.
“A delegation of the commerce ministry officials will visit Russia and they are scheduled to meet with their Russian counterparts on September 22 and 23 in Moscow,” a deputy secretary of the MoC told the FE.
At present, Bangladesh businesses have to use a third country to export goods to Russia in the absence of a direct banking channel.
They also have to conduct trade using Russian currency, ruble.
Traders said the existing export and import system with Russia is cumbersome and time-consuming.
Bangladesh has to export goods to Russia via European countries, including Germany, Turkey and India.
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