Indian diamond traders want to get more rough from Russia, but so far they can't solve the problem with payment. Deliveries from Russia to India have dropped by 40% since April this year due to the refusal of banks to finance the deals. The rupee-denominated trade mechanism is not working because none of the counterparties are willing to take on the currency risk and volatility. However, the Indian government has said it is working with Russia to resolve problems with payments in the local currency and expects trade to pick up soon.