A proposal to settle Russia–Bangladesh bilateral trade in Indian rupees is under review, according to reports. The plan includes setting up a dedicated payment arrangement to enable rupee-based transactions between the two countries. One element of the proposal is the establishment of payment infrastructure in Bangladesh, which would involve opening a branch of a Russian bank in Dhaka. The proposal is being discussed as part of efforts to facilitate cross-border trade and payments using an alternative currency mechanism. While the reports outline the proposed structure—rupee settlement combined with a specific banking presence in Dhaka—they do not provide final approval details or timelines for implementation. The information also does not specify the scope of trade covered, transaction volumes, or how counterparties would operate under the proposed system. The proposal remains in the review stage, with further steps contingent on decisions by the relevant authorities and banks.