Russia says there's a problem with billions of rupees it has in India that need to be converted

• Russia has accumulated billions of rupees that are sitting in Indian banks.
• But Moscow acknowledged that it's a problem and is looking to convert the rupees to another currency.
• Russia has a trade imbalance with India, which has been a top buyer of Russian energy.

Russia has billions of rupees sitting in Indian banks but acknowledged there's a problem as it looks for ways to convert that currency.

Foreign Minister Sergei Lavrov noted the widening trade deficit with India, which has been a top buyer of Russian oil since Moscow launched its war on Ukraine last year.