Indian refiners have begun paying for some oil imports from Russia in Chinese yuan, sources with direct knowledge of the matter said, as Western sanctions force Moscow and its customers to find alternatives to the dollar for settling payments.
That’s not why this is weird, the fact that India is shifting deeper into the bRICs is.
China has been a strategic threat to India, between their close alliance and support of Pakistan and the whole kashmir thing, plus the past skirmishes in aksai chin (even in 2020/2021).
Modi doesn’t really care about geopolitical history, he lives in the moment, whether that makes sense or not, hence surprise invalidating the currency over a weekend.
But I don’t see how a menage a trois works here, especially given India’s ties to the US.
This sounds like a Russian demand because they were tired of being paid in weak rupees. Knowing Modi, he’d gladly go along as long as he got a cut, and it hurt Pakistan enough.
That’s not why this is weird, the fact that India is shifting deeper into the bRICs is.
China has been a strategic threat to India, between their close alliance and support of Pakistan and the whole kashmir thing, plus the past skirmishes in aksai chin (even in 2020/2021).
Modi doesn’t really care about geopolitical history, he lives in the moment, whether that makes sense or not, hence surprise invalidating the currency over a weekend.
But I don’t see how a menage a trois works here, especially given India’s ties to the US.
This sounds like a Russian demand because they were tired of being paid in weak rupees. Knowing Modi, he’d gladly go along as long as he got a cut, and it hurt Pakistan enough.