Russia's pivot away from US dollar is not going according to plan
www.newsweek.com
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.

  • ☭ Blursty ☭English
    -9•1 year ago

    But Russia ran out of ammunition last year didn’t they? Is the Ghost of Kiev not enough to guarantee air superiority? After all, he killed Putin on Snake island already and we’re now on like the third body double or something? And Ukraine is gaining ground. Fucking lol. The shit you american scumbags believe…

    • @kbotc@lemmy.worldEnglish
      7•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

      • ☭ Blursty ☭English
        -5•1 year ago

        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.

        I’m going to go ahead and bet this is another lie you were told. Ok I googled. It literally starts with “White House Says…” jesus man.

        Russia, with a significantly larger Air Force cannot gain air superiority.

        Significantly larger than zero, yes. What do you mean? Russia has all the 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!

        It’s very hard to understand what you’re trying to say but I remember being told that they were attacking themselves in the nuclear plant. Remember that hilarious bullshit?

        And if Ukraine is not advancing

        Ok they’re advancing alright a couple of kilometers per 10k lives. Nice attrition rate. The Robotyne crap is just propaganda. They’ve got nothing but a kettle that’s soon to be destroyed. How do you believe any of this? They have you supporting Nazis ffs. Get your head out of the news and think for yourself.