Meridian Imports Pvt Ltd

Trade 1 · India buying from Russia

Who is trading with whom?

The countries you pick decide which banks, currencies and rules apply for the rest of this trade.

Your country

11 members
🇧🇷 BrazilBRL

Founding member · you pay from a BRL account.

🇷🇺 RussiaRUB

Founding member · you pay from a RUB account.

🇮🇳 IndiaHome

Founding member · you pay from a INR account.

🇨🇳 ChinaCNY

Founding member · you pay from a CNY account.

🇿🇦 South AfricaZAR

Joined 2010 · you pay from a ZAR account.

🇪🇬 EgyptEGP

Joined 2024 · you pay from a EGP account.

🇪🇹 EthiopiaETB

Joined 2024 · you pay from a ETB account.

🇮🇷 IranIRR

Joined 2024 · you pay from a IRR account.

🇦🇪 United Arab EmiratesAED

Joined 2024 · you pay from a AED account.

🇸🇦 Saudi ArabiaSAR

Invited 2024 · you pay from a SAR account.

🇮🇩 IndonesiaIDR

Joined 2025 · you pay from a IDR account.

Scroll inside the list for all 11 members

Country you are buying from

11 members
🇧🇷 BrazilBRL

The exporter invoices through a Brazilian bank in BRL.

🇷🇺 RussiaPartner

The exporter invoices through a Russian bank in RUB.

🇮🇳 IndiaINR

The exporter invoices through an Indian bank in INR.

🇨🇳 ChinaCNY

The exporter invoices through a Chinese bank in CNY.

🇿🇦 South AfricaZAR

The exporter invoices through a South African bank in ZAR.

🇪🇬 EgyptEGP

The exporter invoices through an Egyptian bank in EGP.

🇪🇹 EthiopiaETB

The exporter invoices through an Ethiopian bank in ETB.

🇮🇷 IranIRR

The exporter invoices through an Iranian bank in IRR.

🇦🇪 United Arab EmiratesAED

The exporter invoices through an Emirati bank in AED.

🇸🇦 Saudi ArabiaSAR

The exporter invoices through a Saudi bank in SAR.

🇮🇩 IndonesiaIDR

The exporter invoices through an Indonesian bank in IDR.

Scroll inside the list for all 11 members

CURRENCY PAIR

INR → RUB

Based on your selected importer and exporter

BANKS INVOLVED

2

Indian AD bank and Russian commercial bank

SETTLEMENT OPTIONS

3

Compared by cost, timing and availability

There is no single BRICS currency. Each country pair uses its own banking arrangement.
BRICS+ Trade Platform logo

An educational walk-through of BRICS+ local-currency trade: how an invoice can settle without converting into USD, how vostro balances arise, and every way those proceeds can be spent, converted or invested. Every party, price and reference here is mock data built for learning.

BRICS+ local-currency trade, in brief

How could BRICS+ countries trade without converting to USD?

In this educational model the importer pays in their home currency through authorised banks. The exporter is credited in their own currency. Correspondent or partner-bank accounts (nostro/vostro) hold the balance so neither side has to buy dollars for that invoice.

Is this an official BRICS+ payment system?

No. This is a conceptual, educational project. Names, banks, rates and flows are mock data for learning. They do not represent an official BRICS, BRICS+ or national-bank implementation.

What is a vostro balance in this walkthrough?

After a local-currency settlement, the partner bank may hold the importer's currency. That leftover balance can be reused to buy goods, converted to dollars, placed in a deposit, or spent on another BRICS+ invoice—each path is shown as a separate option.

Which countries can I try?

The demo covers BRICS+ members including Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, the UAE, Saudi Arabia and Indonesia, plus a few outside-bloc sellers for contrast.

Are the exchange rates live?

No. Cross rates are indicative mid-market snapshots as of 13 September 2026, used only so the arithmetic stays internally consistent. They are not a live feed or a quote you can trade on.

© · Educational project. Not a price quote, an offer or financial advice.Designed and built by Ayush Maurya