Central Bank of Russia opens representative office in India

MOSCOW. Dec 3 (Interfax) - The Central Bank of Russia has opened a representative office in Mumbai, India, the CBR said.

The regulator expects the office to strengthen and promote the interests of the Russian financial sector in a key international area.

"It [the representative office] will serve as a link between regulators and financial market participants in Russia and India, creating conditions for mutually beneficial cooperation between the two countries," the Central Bank said.

The Central Bank opened its first representative office abroad in Beijing, China in 2017.

The regulator is considering opening similar branches in other countries, Central Bank First Deputy Governor Vladimir Chistyukhin said this week.