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.

      • MxM111@kbin.social
        link
        fedilink
        arrow-up
        69
        arrow-down
        4
        ·
        1 year ago

        You think everything goes according to the plan on Russian side? This “special operation” is the largest clisterfuck imaginable for them.

        • Aurenkin@sh.itjust.works
          link
          fedilink
          English
          arrow-up
          55
          arrow-down
          3
          ·
          1 year ago

          You only think that getting your defensive line breached and continuing to lose ground 565 days into your 3 day offensive is bad if you’re in a propaganda bubble.

          • ours@lemmy.film
            link
            fedilink
            English
            arrow-up
            31
            arrow-down
            1
            ·
            1 year ago

            No no, it’s all part of Putin’s 4D-chess masterplan!

            [Snorts copium]

          • Blursty@lemmygrad.ml
            link
            fedilink
            English
            arrow-up
            2
            arrow-down
            17
            ·
            1 year ago

            getting your defensive line breached and continuing to lose ground

            Oh dear. And you’re accusing others of being in a propaganda bubble.

            • BombOmOm@lemmy.world
              link
              fedilink
              English
              arrow-up
              9
              ·
              edit-2
              1 year ago

              defensive line breached

              propaganda

              You do have a point. It’s actually the second defensive line breached now.

              (If you click on the link, hit the little castle icon to show the defensive fortifications.)

              • Blursty@lemmygrad.ml
                link
                fedilink
                English
                arrow-up
                2
                arrow-down
                12
                ·
                1 year ago

                You can read in more detail about that infinitesimal advance here.

                Ukraine’s military said on Monday that its forces had retaken the southern village of Robotyne, a tactical victory that underlines the immense challenge Kyiv’s counteroffensive faces in punching through deep and dense Russian defenses.

                The Ukrainian counteroffensive that began in early June has advanced only a few miles southward to reach Robotyne, in intense fighting with heavy casualties and equipment losses, and a similar distance on another axis to the east. The ultimate target of the thrust to Robotyne is the city of Melitopol, about 45 miles farther south, and more layers of Russian defenses lie in the way.

                This is the topographic map. They’ve walked into the lowest lying aread surrounded on all sides by higher ground.

                This is what they got for months of throwing tens of thousands of lives into the meat grinder for burgerland. Bravo!

                • BombOmOm@lemmy.world
                  link
                  fedilink
                  English
                  arrow-up
                  9
                  arrow-down
                  2
                  ·
                  1 year ago

                  Your map also agrees the first defensive line has been breached. Will you recant your statement that such a claim is propaganda?

        • bobman@unilem.org
          link
          fedilink
          English
          arrow-up
          5
          arrow-down
          45
          ·
          1 year ago

          No. But it seems ya’ll think nothing goes to plan on the Russian side. Which just isn’t true, unless you live in a propaganda bubble.

          Lol.

              • surewhynotlem@lemmy.world
                link
                fedilink
                English
                arrow-up
                28
                arrow-down
                2
                ·
                1 year ago

                That doesn’t even make sense in context. Is English your second language? I’m happy to change how I phrase things.

                • bobman@unilem.org
                  link
                  fedilink
                  English
                  arrow-up
                  3
                  arrow-down
                  39
                  ·
                  edit-2
                  1 year ago

                  You’re desperate to move goalposts to fool yourself into thinking you’re right.

                  Theme? What? Lol. I never said ‘generally.’ I never referred to ‘trends.’ I was talking about specifics. Specifically, you incorrectly interpreted my comment as ‘everything goes according to russian’s plans.’ Which is asinine. I never insinuated that. Just like with your ‘theme’ argument, you’re making stuff up that’s easier to argue against because you don’t really have a point.

                  Look, I’m sorry you’ve fallen for the propaganda. I support Ukraine. I believe they are winning the war. However, that doesn’t mean Russians aren’t doing anything right, which is what everyone here seems to believe.

                  If you can’t conceive of how much content is being filtered and censored to garner as much support for the war as possible, I literally can’t help you. You need more life experience.

        • FarraigePlaisteach@kbin.social
          link
          fedilink
          arrow-up
          21
          arrow-down
          3
          ·
          edit-2
          1 year ago

          Abuse, exploitation of the vulnerable and disinformation among its citizens. Actually, I would argue that the disinformation has been successful in Britain and the former colonies.

        • Blursty@lemmygrad.ml
          link
          fedilink
          English
          arrow-up
          3
          arrow-down
          24
          ·
          1 year ago

          They’ve made a mockery of US/NATO’s military capabilities. That’s a win surely?

          • BombOmOm@lemmy.world
            link
            fedilink
            English
            arrow-up
            11
            arrow-down
            2
            ·
            1 year ago

            Russia is fighting the poorest country in Europe and is losing ground. In what way does that make a mockery of US/NATO capabilities?

            ‘We have suffered substantial losses in our war with NATO.’

            ‘How many losses has NATO suffered?’

            ‘NATO hasn’t shown up yet.’

          • kbotc@lemmy.world
            link
            fedilink
            English
            arrow-up
            8
            arrow-down
            3
            ·
            1 year ago

            NATO military capabilities hinge on air superiority. We literally stopped making many of the things Ukraine wants because it doesn’t allow for quick decisive action like the US expected in a war with Russia or a Russian proxy. As an example, tube artillery was used in the US to start avalanches, not something we expected to return to service.

            They wanted ground launched weapons, but our stockpiles are guided bombs that we’d use with impunity after our stealth craft took out the SAM radar and launch sites.

            Go be a low level effort useful idiot for Russia somewhere else.

            • Blursty@lemmygrad.ml
              link
              fedilink
              English
              arrow-up
              3
              arrow-down
              12
              ·
              1 year ago

              But Russia ran out of ammunition last year didn’t they? Is the Ghost of Kiev not enough to guarantee air superiority? After all, he killed Putin on Snake island already and we’re now on like the third body double or something? And Ukraine is gaining ground. Fucking lol. The shit you american scumbags believe…

              • kbotc@lemmy.world
                link
                fedilink
                English
                arrow-up
                7
                ·
                1 year ago

                I never argued a single one of those points, but if you insist: Russia is, indeed, having ammo problems. Asking North Korean for Korean War era stocks is absolutely not something a country who felt comfortable with their stocks of ammo would do. Russia, with a significantly larger Air Force cannot gain air superiority. It’s absurd that they could not before the NATO armaments showed up, and again, that they effectively cannot attack the civilian power supply shows NATO weapons outcompete Russian offensive firepower. Russia could not hold an island against a country with no navy!

                And if Ukraine is not advancing, why is official Russian news talking about retreating? https://www.themoscowtimes.com/2023/09/06/russia-announces-tactical-withdrawal-from-ukraines-robotyne-a82369

                • Blursty@lemmygrad.ml
                  link
                  fedilink
                  English
                  arrow-up
                  4
                  arrow-down
                  10
                  ·
                  1 year ago

                  Russia is, indeed, having ammo problems. Asking North Korean for Korean War era stocks is absolutely not something a country who felt comfortable with their stocks of ammo would do.

                  I’m going to go ahead and bet this is another lie you were told. Ok I googled. It literally starts with “White House Says…” jesus man.

                  Russia, with a significantly larger Air Force cannot gain air superiority.

                  Significantly larger than zero, yes. What do you mean? Russia has all the air superiority?

                  It’s absurd that they could not before the NATO armaments showed up, and again, that they effectively cannot attack the civilian power supply shows NATO weapons outcompete Russian offensive firepower. Russia could not hold an island against a country with no navy!

                  It’s very hard to understand what you’re trying to say but I remember being told that they were attacking themselves in the nuclear plant. Remember that hilarious bullshit?

                  And if Ukraine is not advancing

                  Ok they’re advancing alright a couple of kilometers per 10k lives. Nice attrition rate. The Robotyne crap is just propaganda. They’ve got nothing but a kettle that’s soon to be destroyed. How do you believe any of this? They have you supporting Nazis ffs. Get your head out of the news and think for yourself.

          • Obinice@lemmy.world
            link
            fedilink
            English
            arrow-up
            5
            arrow-down
            1
            ·
            1 year ago

            But they haven’t actually fought the US or NATO. At all.

            They’re fighting a weak, underfunded, undersupplied, independent European nation, and they’re not doing great. At all.

            Kinda sounds like Ukraine are making a mockery of Russia’s military capabilities, no?

            • Blursty@lemmygrad.ml
              link
              fedilink
              English
              arrow-up
              1
              arrow-down
              1
              ·
              1 year ago

              This is what you were told to think so you’d continue to support America’s war.

          • deft@ttrpg.network
            link
            fedilink
            English
            arrow-up
            20
            arrow-down
            2
            ·
            1 year ago

            lmfao trash. two random combat videos.

            Russia started this conflict, they are invading pos.

            Now drones are bombing Russian soil, they are being pushed out of Ukraine. Conscripting criminals, trafficking Cubans and their best fighting force (Wagner) is in shambles.

            Russia shit the bed, they are being dominated and two videos that are old showing some random fighting is nothing fuck out of here

            • bobman@unilem.org
              link
              fedilink
              English
              arrow-up
              2
              arrow-down
              27
              ·
              1 year ago

              Okay. Stay in your bubble and ignore any information that contradicts it.

              That’s what makes you a rational person and certainly above propaganda.

          • blackn1ght@feddit.uk
            link
            fedilink
            English
            arrow-up
            13
            arrow-down
            2
            ·
            1 year ago

            If things were going to plan these videos wouldn’t exist, as Russia would have full control of Ukraine by day 3 in February 2022.

            • bobman@unilem.org
              link
              fedilink
              English
              arrow-up
              2
              arrow-down
              23
              ·
              1 year ago

              Lol, what? The mental gymnastics among ya’ll I swear are worthy of an olympic gold medal.

              • blackn1ght@feddit.uk
                link
                fedilink
                English
                arrow-up
                13
                arrow-down
                2
                ·
                1 year ago

                Not really sure what is confusing about what I said. Russia’s plan was to take Ukraine in 3 days. It’s now on, what - day 566? There’s no way they planned on it taking this long.

          • lovesickoyster@lemmy.world
            link
            fedilink
            English
            arrow-up
            6
            arrow-down
            2
            ·
            edit-2
            1 year ago

            I had to find these myself because this propaganda-sphere only shares things favorable of Ukraine.

            when there’s no data to prove otherwise it’s usually because it does not exist.

  • iforgotmyinstance@lemmy.world
    link
    fedilink
    English
    arrow-up
    48
    ·
    1 year ago

    Modern currencies run on mutual faith in the ongoing GDP of the nation, and the ability to pay at least the interest on debt. Clearly Russia is having trouble with one or both issues.

  • Arsenal4ever@lemmy.world
    link
    fedilink
    English
    arrow-up
    31
    arrow-down
    15
    ·
    1 year ago

    The last time someone tried to sell oil in anything other than the US dollar, his country was invaded under false pretenses.

    • Blursty@lemmygrad.ml
      link
      fedilink
      English
      arrow-up
      11
      arrow-down
      15
      ·
      1 year ago

      Then they destroyed the most prosperous country in Africa and now it has open air human slave markets. Fucking yanks.

      • deft@ttrpg.network
        link
        fedilink
        English
        arrow-up
        11
        arrow-down
        1
        ·
        1 year ago

        what? Ethiopia is doing well afaik?

        Often you guys wanna blame Western intervention for the woes of anywhere it touches and it is always more complex than that. Afghanistan for instance, nightmare with or without Western intervention literally raping both young men and women and also children as well.

        Which country are you referring to? More often than not it is some dickhead warlord fucking everything up claiming they are fighting the West when really they’re just trying to get control

    • Pretzilla@lemmy.world
      link
      fedilink
      English
      arrow-up
      11
      arrow-down
      1
      ·
      edit-2
      1 year ago

      And only smiles when he is up to something particularly awful. Same as his impressionable puppet trump.