You misunderstand, it's stuck where they can't get it out.
India is working Russia both ways on the oil deal. They're enjoying a global discount, and then they're sticking the payments into Hotel Kaalifornia.
It's as if you sold me oil, and I told you, "Here's the payment, I've put some money into my savings account on your behalf."
"You want the money? Sorry. Maybe I can sell you something of mine instead? You have no other choice. Thank you, come again!"
If the alternative is to have the USA seize your dollar accounts (which they did) keeping it in the bank in India is better.
I’ve previously suggested that they will eventually adopt the Euro.
That works for everyone’s interest, the EU the BRICS. Everyone except the United States which goes to zero without the $US as the international currency.
Correct. Not everything Newsweek publishes is necessarily a lie. There is usually an element of truth hidden somewhere.
Naa, I don’t think the Russians are as DUMB as Western leaders thing - otherwise top-line Western military hardware wouldn’t be going POP! on an hourly basis.