[Cronos]

The warping of commerce leaves few good options for the Kremlin and underscores how little bargaining power it has in a redrawn global oil market that's seen Asian powerhouses India and China scoop up cheaper Russian oil. It also shows why a shift away from the currencies of Russia's adversaries remains fraught with risks.

[DesertRhino]

In other words, the sanctions failed.... lol.

[Right_Wing_Madman]

So this means the US dollar's position as the reserve currency is stronger, right?

[montag813]

Why don’t they invest the rupees into India H1-B export giants Tata and InfoSys, who are making a killing as Silicon Valley replaces U.S. workers with a massive new influx of allowed H1-Bs.

[Rockingham]

This also demonstrates why the anti-dollar stance of Russia and the BRICs is doomed to failure. Fellow BRICster India is pleased to take Russian oil and other products in return for fiat money rupees that are parked in Indian banks and effectively useless to Russia. And if it seems a little unfair for India to do that, keep in mind that India has been swindled by Russia for decades in arms sales, often being over-charged and suffering long delivery delays and quality issues.

[dennisw]

Stupid Roooooskys getting screwed. As India pays them with a blocked and effed up Rupee currency. That cannot be used to pay for anything. Except stuff from India.

India gets real useable oil. While Dumb Roooskys get a mountain of paper IOUs.

[Kazan]

Massive Russian Advance Push Ukranians On Three Fronts l Huge Russian Success