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Sergie's avatar

That one is highly ironic, by the way, because in the heyday of dismembering the USSR one of the biggest problems was the so-called "rupee overhang". as the USSR was sitting on a mountain of rupees and did not have the slightest idea of what to do with them all. Then they invented some "scheme", as usual, to channel that mountain into their own pockets, like the rest of the Soviet budget,, and the rupees magically disappeared, like pretty much everythng else of potential value.

After all, if you got that mountain for free anyway, does it make a difference to you if you make Indian manufacturers sell stuff to you in rupees but for 2-3-5 times the normal price and if you can then sell those products for the hated dollars and euros?

The Soviet ruble was also fully convertible - at the black market rate. Nobody was talking about "dedollarization" though at that time, for everyone wanted to "dollarize" as fast as possible - rsulting in all those Nabiullinas today.

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Dr Livci's avatar

No no Edwards take is all wrong like usual. Supplying Europe and especially Ukraine with all the oil it needs requires a truly multipolar effort which only BRICS can provide. The unipolar satanist energy needs cant be met via pumping the gas to the Ukainian nazi reich directly which Russia is currently doing via 5D judo. After the US bombed Nord Stream they thought Russia wouldn't be able to supply the degenerate West with enough discounted oil to keep the lights on for drag queen story hour but like always Nabiullina and Putin were 5 steps ahead. Enter the plan of sending the oil at an even bigger discount to India in exchange for a mountain of Rupees.

Russia has proven yet again that no matter how many Russians you blow up in Donbass, no matter how many drone attacks you launch on Russia proper they will find a way to get you all the gas you need to launch a successful offensive against Russias newest regions!!! Only BRICS can deliver like this! They will get you your merchandise even if it kills them!!

Never in the history of the world has there been such an end user focused approach to business. Who else will literally find a way around your own sanctions to bring you the energy you need and all at net less for themselves? Anyway the project hasnt actually been cancelled, its just that Sberbank hasn't figured out how to convert rupees into digital rubbles yet. Russians have no need for gold or currencies that can be used in international trade. What normal Russians are demanding is digital currencies with expiration dates and a limited selection of products they can be exchanged for. But once the rupees can be accordingly converted the program will back with even more multipolar vigor!

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