Sber, Russia’s largest lender, has unveiled a rupee-denominated letter of credit designed to streamline payments for Indian suppliers exporting goods to Russian buyers. The new facility enables Indian exporters to receive prompt payment in Indian rupees once shipping documents are submitted, while Russian importers are granted deferred-payment terms that ease their cash-flow cycles. By reducing foreign-exchange exposure and providing a stable settlement framework, the initiative is expected to strengthen trade confidence and broaden commercial ties between the two countries.