India - Russia - Oil | Petrodollar system | Tamil | Current Affairs | RedCapKarthik

Описание: Russia is planning to sell Oil to India, China and may be to some other countries at a lesser price post the sanctions from US. The key point to note is that the oil transaction is going to be not in US $. It is proposed to be in the local currency of Russia or the country it traded with. This is a big impact to the US $ as the petrodollar system which is currently in place keeps US $ in demand. The change to that will impact the value of US $ and will have the butterfly effect on the economy and US $ dependent countries. In this video, we have explained what the petrodollar system is, what recycling petrodollar system is and how the new Russia proposal is going to challenge that

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#Russia #India #Oil #Petrodollar #Tamil