That's in relation to Indian trades with Russia.
They encourage their companies to trade in either Russian roubles or rupees - but NOT in USD.
Nothing wrong with that.
The issue is about moving away from USD; since its seizure of $300B Russian forex reserves.
And its NOT only India, South Africa, Middle East, Brazil - its being discussed with ASEAN countries as well.
They are all diversifying from USD and Euros - for the aforementioned reason of course.
- Forums
- World Politics
- Russia Ukraine war
Russia Ukraine war, page-126218
-
- There are more pages in this discussion • 101,995 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)