India may be able to buy crude oil from russia at a massive discount. Russia has few trading partners and is having trouble monotizing one of its biggest assets, oil. For india, this is an opportunity to reduce its import bill. But getting this done won't be easy, especially since the us. Has effectively barred russia from accessing dollar assets.
In today’s episode for March 17th 2022, we offer a simplified and crude explanation of how trade between two countries can bypass the US dollar and the implications of doing so