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Countries like India, China, and Russia are making significant moves to reduce dependency on the US dollar in trade deals. India and China have opted for local currencies in imports, while Russia and China are using US dollar-backed stablecoins. India's Reliance Industries has signed deals to buy Russian oil in roubles, strengthening economic ties between the two countries.
From Reuters | Reliance Industries has signed a one-year deal with Russia's Rosneft to buy at least 3 million barrels of oil a month in roubles https://t.co/2PFG27FZMX
#India's Reliance to buy Russian oil in roubles, sources say #oott #Russia https://t.co/QNrCGzwUMb
Exclusive: India's Reliance to buy Russian oil in roubles, sources say https://t.co/bXeqcLIs6s https://t.co/CBpfO60wE6
