The Ruble is back. All post invasion losses erased. Amazing what gold backing can do.https://t.co/Wu8PH4stz8 pic.twitter.com/PdeMVdHI8L
— Wall Street Silver (@WallStreetSilv) March 30, 2022
India set to bypass US dollar for trade with Russia
A system that could allow the direct rupee to rouble payments could be launched this week, enabling trade between India and Russia. A Sakthivel, President of the Federation of Indian Export Organisations recently told CNBC that the arrangement would pave the way for financial operations between the two countries as they bypass the US dollar..
The move would essentially allow Indian exporters to continue business with Russia despite the US sanctions. Sakthivel went on to add that the sanctions actually allow the Indian economy to make expansion into the Russian markets
PUTIN, SCHOLZ HAVE AGREED THAT EXPERTS WILL HOLD TALKS ON GAS PURCHASES FOR ROUBLES – TASS
— *Walter Bloomberg (@DeItaone) March 30, 2022
VATICAN BANK TRANSFERRED 10 MILLION EUROS TO BUY RUBLES FROM THE CENTRAL BANK OF RUSSIA TO PAY FOR GAS – MEDIA
— First Squawk (@FirstSquawk) March 30, 2022
RUSSIAN FOREIGN MINISTRY SAYS RUSSIA, CHINA AGREED TO WIDEN COOPERATION "IN CHALLENGING INTERNATIONAL CONDITIONS" – IFAX
— HEMENDRA BISHT (@HEMENDRABISHT3) March 30, 2022