Russia's Pivot Away From US Dollar Is Not Going According to Plan
Russia's Pivot Away From US Dollar Is Not Going According to Plan
Billions of dollars of Russia's oil sale profits are stuck in India, as Russia looks to move away from the world's dominant reserve currency.
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.
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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!!
Then they destroyed the most prosperous country in Africa and now it has open air human slave markets. Fucking yanks.
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