Russia Ukraine war, page-126218

  1. 18,576 Posts.
    lightbulb Created with Sketch. 2630
    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.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.