this post was submitted on 12 Sep 2023
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Billions in Russian oil sale profits are stuck in Indian banks, marking a blow to President Vladimir Putin's attempts to stop using the U.S. dollar for trade.

Commodities such as oil, gold and wheat are typically traded around the globe in U.S. dollars, the world's reserve currency.

However Russia's financial system was essentially isolated by Western sanctions imposed after Putin's invasion of Ukraine, making his country unable to make transactions in greenbacks, thus limiting trade.

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[–] blackn1ght@feddit.uk 10 points 1 year ago* (last edited 1 year ago)

Actually you're right - Putin expected it to take much longer... he expected it to take 10 days.

Ukraine war: Captured Russian documents reveal Moscow's 10-day plan to take over the country and kill its leaders

Russian Invasion of Ukraine: How Putin lost in 10 days

Has Putin's war failed and what does Russia want from Ukraine? * mentions "a matter of days" but doesn't specify a number

Let's be real here, nobody plans for an invasion to go as slowly has it has been. You'd capture an objective as soon as you can, with the element of surprise. It did actually look like it was going to happen in the first couple of days but the entire invasion stalled when they failed to capture the airport.