Mahalaxmi Ramanathan
Mahalaxmi Ramanathan

@MahalaxmiRaman

5 تغريدة 1 قراءة Jun 14, 2024
What consequences may arise from the cessation of trading in Dollars $$ and Euro's €€ in #Russia?💸
💰Risk of a collapse in Exports & Imports due to the inability to pay for #ForeignTrade Transactions in dollars and euros , which could lead to a shortage imports. A thread 🧵
💸2⃣#ExportRevenues may fall.
Scenario of #Iran in the first years after tough sanctions.
In any case, the consequences are obvious: slowdown in trade turnover, smuggling, rising costs.
3⃣💰The #BRICS payment system will certainly lead to the improvement when its up and running.
4⃣The growth of foreign trade in the national currency (#Rubles) is inevitable, but with its own specifics - there are quite a few people willing to accept Rubles and in a limited volume - the #CIS countries, #China, partly #India, #Iran, some countries in #Africa & #LatinAmerica
5⃣Restriction on #Russia’s SOVEREIGNTY within the framework of determining foreign trade and foreign economic activity- Outside World when almost any external transaction can take place with the direct approval of #Chinese functionaries. 🤦‍♀️

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