Russia says there's a problem with billions of rupees it has in India that need to be converted

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Russia says there's a problem with billions of rupees it has in India that need to be converted

https://markets.businessinsider.com/news/currencies/russia-india-ruble-rupee-sanctions-trade-imbalance-yuan-weapons-deficit-2023-5Open link View original on lemmy.world

Comments11

11 replies

nxfsi

lemmy.world

MAAM DO NOT REDEEM

DSkou7 reply

programming.dev

sternail reply

lemmy.world

WHY DID YOU REDEEM IT?

test113 reply

lemmy.world

lps2

lemmy.ml

Lol, and we are to believe BRICS is an actual threat to the west and to USD dominance?

nbafantest reply

lemmy.world

Moscow has also rejected an idea from New Delhi for the Kremlin to invest rupees from arms payments back into Indian capital markets so the currency doesn't pile up

You're not wrong

iforgotmyinstance reply

lemmy.world

Honestly that's a really lucrative opportunity, what fucking idiots are running Russia?

nbafantest reply

lemmy.world

The incentives in authoritarian/dictatorships are different than they are in the free world.

mino reply

discuss.tchncs.de

BRICS was never going to be a threat. Here's why we shouldn't be worried: https://piped.video/watch?v=dpMTt93d0p4

Good informative video

Treczoks

lemm.ee

No, the rupees sitting in India just show it works as intended.

whiskers

lemmings.world

Sounds like Russia wants to have its cake and eat it too. Not that I'm surprised