Russia's Pivot Away From US Dollar Is Not Going According to Plan

MicroWave@lemmy.world to World News@lemmy.world – 377 points –
Russia's pivot away from US dollar is not going according to plan
newsweek.com

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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Mhmm so how do you pass your own " I fell for the propaganda test", and would you adjust your thinking with new information?

You haven't addressed any plain as day facts this far.

If you want everyone reading your posts to be fully convinced you're hopelessly brainwashed then don't address any specifics and just tell us to do our own research...

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