India-Russia oil deals 'dent' dollar dominance; Rupee-Rouble bypass sanctions

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. #rupee #roubles #indiarussiarelation #indiarussiaoil #indiarussiapartnership #moscow #newdelhi #modigovernment #modi #putin #modiputin Hindustan Times Videos bring you news, views and explainers about current issues in India and across the globe. We’re always excited to report the news as quickly as possible, use new technological tools to reach you better and tell stories with a 360 degree view to give you a better understanding of the world around you.