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]
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defensive line breached
propaganda
You do have a point. It’s actually the second defensive line breached now.
(If you click on the link, hit the little castle icon to show the defensive fortifications.)
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Your map also agrees the first defensive line has been breached. Will you recant your statement that such a claim is propaganda?
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.
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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.
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Russia is fighting the poorest country in Europe and is losing ground. In what way does that make a mockery of US/NATO capabilities?
‘We have suffered substantial losses in our war with NATO.’
‘How many losses has NATO suffered?’
‘NATO hasn’t shown up yet.’
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NATO military capabilities hinge on air superiority. We literally stopped making many of the things Ukraine wants because it doesn’t allow for quick decisive action like the US expected in a war with Russia or a Russian proxy. As an example, tube artillery was used in the US to start avalanches, not something we expected to return to service.
They wanted ground launched weapons, but our stockpiles are guided bombs that we’d use with impunity after our stealth craft took out the SAM radar and launch sites.
Go be a low level effort useful idiot for Russia somewhere else.
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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
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But they haven’t actually fought the US or NATO. At all.
They’re fighting a weak, underfunded, undersupplied, independent European nation, and they’re not doing great. At all.
Kinda sounds like Ukraine are making a mockery of Russia’s military capabilities, no?
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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.
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!!
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what? Ethiopia is doing well afaik?
Often you guys wanna blame Western intervention for the woes of anywhere it touches and it is always more complex than that. Afghanistan for instance, nightmare with or without Western intervention literally raping both young men and women and also children as well.
Which country are you referring to? More often than not it is some dickhead warlord fucking everything up claiming they are fighting the West when really they’re just trying to get control
If I’d have to guess, Libya.
Ah the pedophile dictator who wrote that women deserved less rights, claimed the country was a democracy while having public bounties for over seas dissidents who disagreed with him, denied any freedom of the press, and had state sanctioned tortures against political opposition?
I’m not saying I agree with the original comment here, just guessing which country they were referring to.
I know sorry, just used the opportunity to further shit talking
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!
putler is so ugly and dead eyed.
And only smiles when he is up to something particularly awful. Same as his impressionable puppet trump.
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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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