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Ray-SoCa's avatar

I bet this India deal is only one part of an assault on the US Dollar by Russia and China.

China and Russia are setting up a settlement payment alternative. I wonder if India will join?

https://www.rt.com/russia/543258-moscow-china-create-independent-structure/

And with the reality of US inflation, and the US dollar being supported as the global reserve currency by its usage for oil pricing - petro dollar, what will OPEC do?

Especially with the Biden Administration giving the cold shoulder to anti Iranian Gulf States, including the Saudis.

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Ray-SoCa's avatar

It also helps defeat any possible us sanctions against Russian Oil.

Brilliant move by the Russians.

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