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.
Losing ground? You sure? Who told you to think that?
Anyway, my point remains, the US has been shown up to have a shit military with a shit capability. Here, this is a good one:
Too late losers. Remind me, when was the last war the yanks won?
No idea who you’re quoting here. NATO hasn’t shown up yet because the US are a nation of cowards using the poorest country in Europe as its puppet state to fight their fights for them.