this post was submitted on 11 Sep 2023
179 points (99.4% liked)

Ukraine

9388 readers
559 users here now

News and discussion related to Ukraine

Matrix Space

Community Rules

πŸ‡ΊπŸ‡¦ Sympathy for enemy combatants is prohibited.

🌻🀒No content depicting extreme violence or gore.

πŸ’₯Posts containing combat footage should include [Combat] in title

🚷Combat videos containing any footage of a visible human involved must be flagged NSFW

❗ Server Rules

  1. Remember the human! (no harassment, threats, etc.)
  2. No racism or other discrimination
  3. No Nazis, QAnon or similar
  4. No porn
  5. No ads or spam (includes charities)
  6. No content against Finnish law

πŸ’³ Defense Aid πŸ’₯

πŸ’³ Humanitarian Aid βš•οΈβ›‘οΈ

πŸͺ– Volunteer with the International Legionnaires

See also:

!nafo@lemm.ee

founded 2 years ago
MODERATORS
lisko@sopuli.xyz
doo@sh.itjust.works
Burstar@sopuli.xyz
Tuuktuuk@sopuli.xyz
179
Russia says there's a problem with billions of rupees it has in India that need to be converted (markets.businessinsider.com)
submitted 2 years ago by zabadoh@lemmy.ml to c/ukraine@sopuli.xyz
34 comments fedilink hide all child comments
 

Key quotes:

Russia has accumulated billions of rupees that are sitting in Indian banks.

Reuters reported that Russia and India have suspended negotiations over using rupees for trade between the two countries.

Russia prefers to be paid in Chinese yuan, which has become the most-used foreign currency in Russia.

Russia and India remain deadlocked in a currency dispute that has also frozen weapons sales between the two countries.

India won't pay Russia in US dollars over concerns that it may face secondary sanctions and won't pay in rubles because of worries about obtaining Russia's currency on global markets at a fair rate,

Recently, (Russia) agreed to use the (Chinese) yuan to for payments on a nuclear-power plant deal with Bangladesh, after previously insisting on using its ruble.

you are viewing a single comment's thread
view the rest of the comments
[–] Longpork_afficianado@lemmy.nz 1 points 2 years ago

It does mean however that your sanctions go a lot further, by wielding the threat of freezing foreign dollars.