New Delhi, Nov. 9 -- India and Russia are working to improve the system of mutual trade settlements against the backdrop of Western sanctions on Moscow, while Russian banks have adapted to the punitive measures and Indian credit institutions have learned to minimise the risk of secondary sanctions, Russian ambassador Denis Alipov has said. Mechanics for direct payment flows for trade have been built and both countries have largely switched to settlements in national and alternative currencies, whose share now exceeds 90%, Alipov said in an interview ahead of President Vladimir Putin's visit next month for an annual summit with PM Narendra Modi. Recent US sanctions on Russia have hit energy flows to India at a time when Moscow had emerged as the source of more than a third of New Delhi's crude oil supplies. Full interview on P8...