Published on Mar 08, 2023 09:42 PM IST
Western sanctions on Russia have begun to hit the dollar’s years-old dominance of international oil trade. This as Russia’s oil deals with India are being settled in other currencies. Analysts say, India’s oil trade, despite western sanctions on Russia, provides the strongest evidence so far of a shift into other currencies. Oil trade between India and Russia has grown after Europe shunned Moscow’s supplies since the Ukraine war. Watch this video for details.
