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Moscow Initiates De-dollarization: India To Pay For S-400 Systems In Rubles

Via Zerohedge

Since it became evident last summer that India was moving forward with purchase of at least five of Russia’s S-400 air defense systems, the controversial initiative which is part of India’s big ambitions for regional dominance immediately ruffled relations with Washington, resulting in the complete cancellation of at least one planned visit of Mike Pompeo and Jim Mattis to New Delhi.

The S-400s can detect, track and destroy supersonic bombers, drones, fifth-generation fighters, spy planes, and supersonic missiles at a range of up to 400km and altitude of 30km – in what many Indian officials have praised as a game-changing military acquisition which has further cemented the Russian-Indian defense relationship which includes Moscow now accounting for 62 percent of New Delhi’s arms imports.

But this week, another huge bombshell dropped after a $5.4 billion deal for Indian to acquire the S-400 systems from Russia was clinched during Putins two-day visit to the country in early October: the contract will be settled in rubles as part of Moscow’s broader policy and pursuit of de-dollarization of the Russian economy.

Russian Deputy Prime Minister Yuri Borisov announced on Wednesday, “The contract has been signed in rubles,” according to TASS.

The idea of de-dollarizing the Russian economy has been actively discussed in the country lately due to the tightening of US sanctions.

Russian President Vladimir Putin supports weaning the country’s financial sector off the US dollar, VTB Bank head Andrey Kostin told RIA Novosti. He added the move doesn’t mean the complete phasing-out of the American currency.

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November 3, 2018

So now what is Russia purchasing back in Rubles. Here is a suggestion for China and India to make a deal using Russian natural gas. Run electric wires and install gas turbine, perhaps supplemented with biomass, generators and make a distributed, “smart grid” (hardened to EMP) into both countries from Russia.

Shaun Ramewe
Shaun Ramewe
November 4, 2018

Watch out for new terrorist attacks suddenly sneakily occurring in India now that the ZOG-liar sicko Yanks have been rightfully outplayed again.

November 4, 2018

Why should Russia or any other country continually prop up the Artificial Inflated US Dollar and Economy since the US has no hard currency of its own and uses other countries currency to run on.

Olivia Kroth
Reply to  TheCelotajs
November 10, 2018

“De-dollarization” is my favourite word creation for 2018 and the coming years. “De-dollarization” will do the free world a lot of good.

John Nolan
John Nolan
November 5, 2018

Hallelujah. Finally Russia and Iran have decided to crash the Amazian currency, to de-dollar the trading world, and this surely will unleash the mad dog, Chump, as the world finally recognizes that Russia is NOT the enemy, but it is the Kazarian Jews who control Amazian FED., as Amazia are now exposed as the greatest mass murderers this world has ever known. They are the power crazed killers, who, under the guise of their false religion, have been serving the Beast, in persuit of his New World Order. The dollar is about to be crashed, get out what little money… Read more »

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