Sucks to be stuck with more currency than one knows what to do with. I guess.
Things like this take time. The problem for us is that much of the world seems committed to ditching the dollar. They will likely succeed unless there is a world war where we are able to militarily conquer these nations. Is that the plan?
The Indian government offered the Russians the ability to invest in India.
Perfect deal for India, they get oil at a 50% discount, and the revenue from that has to be spent in India only
Growing pains.
There is a means to get away from the dollar but no one wants to embrace it, Gold.
.
Trying to make the transactions between Russia and India about the US$ verges on journo malpractice.
Unmentioned is the real outcome of the transaction.
India is refining the Russian crude and then selling it as gasoline and diesel fuel. Those international transactions are most certainly made in US$’s