The Honorary Consul of the Russian Federation and Director of the Russian House in Thiruvananthapuram, Mr Ratheesh Nair, presided over the meeting.
The seminar was organised jointly by the Honorary Consulate of the Russian Federation, Russian House in Trivandrum, and the Trivandrum Chamber of Commerce and Industries. Mr S. Adikesavan, former Chief General Manager of the State Bank of India, inaugurated the seminar. In his address, Mr Adikesavan said that the Indian businessmen should make use of the present situation in Europe to strengthen trade with Russia. "Indo- Russian trade has shown an increase after the sanction imposed on Russia. In my personal opinion trade in Ruble and Rupee will help India to reduce the dependency on US dollars. Russian banks in India should open vostro accounts to catalise the Ruble - Rupee trade," said Mr Adikesavan.
In his address, Mr Raghuchandran Nair, President of the Trivandrum Chamber of Commerce and Industries, said that both countries should use the Ruble- Rupee transaction to strengthen bilateral tourism. "Though both countries enjoy time-tested friendship, tourism between us still needs to be strengthened, and the transaction between the business communities in the local currencies will go a long way in cementing this ties," said Mr Raghuchandran Nair.
Mr Nikita Zhavchkin, Head of Corporate and Financial Institutions, SBER Bank in India, and Mr Abhinav Grover, senior client relations manager of the Bank in India, explained the details of the services offered by the bank in India.
Mr Ratheesh C Nair, Honorary Consul of the Russian Federation and Director of the Russian House in Trivandrum, said that the entrepreneurs from the tourism industry in Kerala would be able to open accounts with SBER BANK during the upcoming Indo- Russian Travel and Tourism Fair.
Mr Baby Mathew, president of the Kerala Travel Mart and Chairman and Managing Director of Somatheeram group of companies, handed over the documents to Mr Zhavchkin to open the first account on behalf of the business communities in Kerala.