New Delhi, Aug. 8 -- The BRICS grouping is playing a key role in helping its members continue trade despite Western sanctions, Harvansh Chawla, Chairman of the BRICS Chamber of Commerce and Industry said on Friday.

Speaking about the growing economic cooperation between Russia and India, Chawla said Russia has been supplying crude oil to India at prices much lower than the global market rate.

He also highlighted the Ruble-Rupee trade arrangement between the two countries, which has simplified transactions and reduced dependence on Western financial systems.

"Russia was giving oil to India at a much discounted price than the international availability. Similarly, now the ease between Ruble-Rupee trade, which was an FTA between Russia an...