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.

    • @Syringe@lemmy.world
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      710 months ago

      You haven’t really shown us anything. You’ve taken a contrarian position so that you can either a) push a false narrative, or b) make yourself feel like you have some sort of special, secret knowledge so you can feel superior about one thing in an otherwise shitty life.

      Liveuamap.com shows a border that is moving in the direction that most reporting days it is. It is fairly easy to confirm/deny by external agencies, as it represents something physical and tangible. Either Russia is getting whooped on, or the map is lying. With satellite images, videos on location, and gps data, nobody has called it out yet. You’re welcome to give it a go, and if you can disprove it, I’m all ears

      Until then, facts is facts, son.