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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    fedilink
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    101 year ago

    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