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.

      • rammer
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        1 year ago

        In Putin’s Russia bad idea execute you

        FTFY

        • cheese_greater@lemmy.world
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          1 year ago

          Legit question: is Putin’s Russia actually worse than Soviet in terms of the disappearing and defenestration and shit?

          • TheWoozy@lemmy.world
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            1 year ago

            Putin can only dream of achieving the levels of evil Stalin did. However, life of a nonpolitical commoner may have been a little more hopeful in the old days.

            When Stalin committed genocide in Ukraine, he took their grain harvest and left them to starve. When Putin commits genocide in Ukraine, he ships their children to “reeducation” camps in Russia. He wants to make them Russian. The scale is entirely different.

            • cheese_greater@lemmy.world
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              1 year ago

              I just find these assholes amazing in that they would have zero peace or abillity to relax the way they escalate the shit out of creating a dystopia. Stalin was drinking so much and forcing his buddies to basically drown themselves in alcohol on the daily, like, who wins from all this?

              Madness!

          • Ulara
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            1 year ago

            Putin’s Russia is more gentle on its own population, but it is potentially more dangerous internationally. Soviet Union more or less abided by the rules of international order, contributed to the demise of old-world imperialism, and almost never issued nuclear threats. Putin’s Russia is an outright bandit state, openly ignoring any international rules and conducting acts of terror - like the Islamic State. If not stopped now, it can start in the future a devastating world war without any remorse.