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.

  • kbotc@lemmy.world
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    1 year ago

    I never argued a single one of those points, but if you insist: Russia is, indeed, having ammo problems. Asking North Korean for Korean War era stocks is absolutely not something a country who felt comfortable with their stocks of ammo would do. Russia, with a significantly larger Air Force cannot gain air superiority. It’s absurd that they could not before the NATO armaments showed up, and again, that they effectively cannot attack the civilian power supply shows NATO weapons outcompete Russian offensive firepower. Russia could not hold an island against a country with no navy!

    And if Ukraine is not advancing, why is official Russian news talking about retreating? https://www.themoscowtimes.com/2023/09/06/russia-announces-tactical-withdrawal-from-ukraines-robotyne-a82369