Billions in Russian oil sale profits are stuck in Indian banks, marking a blow to President Vladimir Putin’s attempts to stop using the U.S. dollar for trade.
Commodities such as oil, gold and wheat are typically traded around the globe in U.S. dollars, the world’s reserve currency.
However Russia’s financial system was essentially isolated by Western sanctions imposed after Putin’s invasion of Ukraine, making his country unable to make transactions in greenbacks, thus limiting trade.
“Russia’s _____ not going according to plan” seems to be the running theme lately.
Only if you live in a propaganda bubble.
You think everything goes according to the plan on Russian side? This “special operation” is the largest clisterfuck imaginable for them.
You only think that getting your defensive line breached and continuing to lose ground 565 days into your 3 day offensive is bad if you’re in a propaganda bubble.
No no, it’s all part of Putin’s 4D-chess masterplan!
[Snorts copium]
No. But it seems ya’ll think nothing goes to plan on the Russian side. Which just isn’t true, unless you live in a propaganda bubble.
Lol.
Do you not know what the word ‘theme’ means? I think that’s the crux of this issue.
Lol, keep grasping at those straws.
That doesn’t even make sense in context. Is English your second language? I’m happy to change how I phrase things.
You’re desperate to move goalposts to fool yourself into thinking you’re right.
Theme? What? Lol. I never said ‘generally.’ I never referred to ‘trends.’ I was talking about specifics. Specifically, you incorrectly interpreted my comment as ‘everything goes according to russian’s plans.’ Which is asinine. I never insinuated that. Just like with your ‘theme’ argument, you’re making stuff up that’s easier to argue against because you don’t really have a point.
Look, I’m sorry you’ve fallen for the propaganda. I support Ukraine. I believe they are winning the war. However, that doesn’t mean Russians aren’t doing anything right, which is what everyone here seems to believe.
If you can’t conceive of how much content is being filtered and censored to garner as much support for the war as possible, I literally can’t help you. You need more life experience.
In what world has Russia been successful at anything lately? A supposed world power can’t quickly over run Ukraine.
Abuse, exploitation of the vulnerable and disinformation among its citizens. Actually, I would argue that the disinformation has been successful in Britain and the former colonies.
The poster you’re replying to is, uh … yeah.
go on then show me the wins
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lmfao trash. two random combat videos.
Russia started this conflict, they are invading pos.
Now drones are bombing Russian soil, they are being pushed out of Ukraine. Conscripting criminals, trafficking Cubans and their best fighting force (Wagner) is in shambles.
Russia shit the bed, they are being dominated and two videos that are old showing some random fighting is nothing fuck out of here
Okay. Stay in your bubble and ignore any information that contradicts it.
That’s what makes you a rational person and certainly above propaganda.
i know this information you presented
changes nothing. go back to spreading disinformation idiot
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If things were going to plan these videos wouldn’t exist, as Russia would have full control of Ukraine by day 3 in February 2022.
Lol, what? The mental gymnastics among ya’ll I swear are worthy of an olympic gold medal.
Not really sure what is confusing about what I said. Russia’s plan was to take Ukraine in 3 days. It’s now on, what - day 566? There’s no way they planned on it taking this long.
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I had to find these myself because this propaganda-sphere only shares things favorable of Ukraine.
when there’s no data to prove otherwise it’s usually because it does not exist.
You sound like the type to believe people are dying en masse because of covid vaccines.
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Realistically who doesn’t? At least the western type tends to be correct
I guess no ones plan is really working
Modern currencies run on mutual faith in the ongoing GDP of the nation, and the ability to pay at least the interest on debt. Clearly Russia is having trouble with one or both issues.
This is the best summary I could come up with:
Billions in Russian oil sale profits are stuck in Indian banks, marking a blow to President Vladimir Putin’s attempts to stop using the U.S. dollar for trade.
Putin has tried to get around this by selling oil to countries such as China and India in their local currencies, the yuan and rupee respectively, raising fears this would undermine the strength of the U.S. dollar abroad.
“India operates a partially convertible capital account, which entails that the [Indian rupee] can be swapped for foreign currencies and vice-versa for limited reasons,” according to Aditya Bhan, of the Observer Research Foundation, a global think tank.
“A further worry is that internationalizing the [Indian rupee] could curb the Reserve Bank of India’s (RBI’s) ability to manage domestic money supply and affect interest rates according to prevailing macroeconomic circumstances.”
"We talked with [Indian Foreign Minister] Subrahmanyam Jaishankar in Jakarta and discussed bilateral issues, including such problems [as the mechanism of payments between Russia and India].
In the current situation, many billions of rupees have accumulated, which have not yet found their application, and our Indian friends have assured that they will offer promising areas where they can be invested," Lavrov said on September 10, according to TASS.
The original article contains 949 words, the summary contains 202 words. Saved 79%. I’m a bot and I’m open source!
The last time someone tried to sell oil in anything other than the US dollar, his country was invaded under false pretenses.
Venezuela has been selling oil in euro and yuan since 2018.
watch as he grasps for straws!!
putler is so ugly and dead eyed.
And only smiles when he is up to something particularly awful. Same as his impressionable puppet trump.
Aw, sad /s
Pivot, pivooot!!!
Blyat can’t catch a break.
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In Russia, the gold reserves YOU.
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