zlacker

>>anigbr+(OP)
Seems kinda wild that it took 2 years post the big sanctions for this to happen?

>>benced+N8
Because majority of Russian exports are gas, oil and raw materials and they sell them for USD and EUR. Also because huge percent of Russia income in 2022 and 2023 come from EU buying russian gas and raw materials.

Also because Russia already had $50 billion stuck in Indian Rupee they cannot use. So they now use CNY of course, but even now a lot of exports still gonna be sold for USD.

>>SXX+Lb
"they cannot use"

They can, India will happily sell them stuff for rupees, but the problem is that Indian exports mostly don't match Russian import needs.

>>inglor+4p
So for all practical reasons there is very little they can use them for.

They can of course invest into India economy to get even more Rupees.