patrick.net

DemocratsAreTotallyFucked says

Chinese banks or intermediary bsnks. The Indians have done it via another way, buy the result is that Russians have rupees that they aren't allowed to spend on Indian goods they want to buy.

https://www.asianews.it/news-en/Delhi-pays-for-Russian-oil-in-rupees,-which-Moscow-reinvests-in-India-60711.html

Under this mechanism, some Russian banks, including Gazprom and Rosbank, have opened rupee accounts in Indian banks, on behalf of Russian banks.

“The rising unused rupee balance for Russian entities in these accounts was a big concern for Russia,” the source added.

India is now trying to identify projects into which Russian investments can flow, like construction and certain infrastructure improvements.

Russian Foreign Minister Sergey Lavrov first hinted at the issue in September last year, saying that Moscow had "billions of rupees" deposited in Indian banks that could not be used.

After China, Russia is India’s second largest import source with imports rising by 32.95 per cent in 2023-24, to US$ 61.44 billion, billion in oil alone.

This is strange as the Russians should be able to do whatever they want as far as spend the rupees in India.

Send Gazprom or other state owned enterprises (SOEs) employees to India and give them equivalent of $5000 each and let them go buy Indian made goods and India services such as clothing, a hotel or resort stay, etc

.

AD says

This is strange as the Russians should be able to do whatever they want as far as spend the rupees in India.

Nope. Chinese are pulling similar shit as well.

They all want some dollar alternative system but won't stop fucking each other within it. Like the story of the Scorpion & the Crocodile crossing the river.

This is why I keep telling ppl that BRICS is PR bullshit and nothing more, really. Oh sure, they are developing their own alternative to SWIFT. So what? GIGO applies here. See above.

That is why that tweet said, "..building a $ alternative is HARD".

If Japan, South Korea,Taiwan, Australia, Canada, Costa Rica and Singapore wanted to do it, fine. They would have a shot because they have the cultures and subsequent legal property protections to make it work.

But loser shitholes like China, Russia and India who fuck over foreigners everyday when it comes to FDI like rain water falls from the sky? This is worse in a lot of ways. So yes, hard. A lot hard.

So, gold or the currency of a global dominant power. Preferably one with a Navy four times the size of all the others combined, with a big chunk of the world's GDP and at least 6,000 nuclear weapons.

But...BRICS! (AND "You don't know WTF you are talking about, DATF!)

America Hating Fluffers gotta fluff. <--- That's the real reason they post shit back at me.