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For months, Moscow had been accumulating billions in Indian Rupees from oil sales that it couldn't spend.
Then, on August 12, 2025, the RBI issued a quiet but revolutionary circular. It authorized foreign holders of "Special Rupee Vostro Accounts" (SRVAs) to invest their surplus balances into Indian Government Securities and Treasury Bills.
In a move that alarmed U.S. strategists even more, India and the UAE two key American partners began operationalizing a Local Currency Settlement system. The Indian Oil Corporation paid for a million barrels of Abu Dhabi crude in rupees, proving the concept worked.
Russia to recycle its oil revenue directly into Indian sovereign debt, New Delhi created a closed-loop financial system. Russian oil profits were no longer chasing U.S. Treasuries; they were funding Indian infrastructure.
The reaction from Washington was swift. Within weeks, the U.S. imposed tariffs of up to 50 percent on select Indian goods a punitive strike that signaled the partnership was in jeopardy.
RBI had permitted 123 correspondent banks from 30 countries including the United Kingdom, Germany, Israel, and Singapore to open 156 Special Rupee accounts.
Data from November 2025 showed India importing 7.7 million tonnes of Russian oil in a single month, accounting for 35 percent of its total intake, largely settled outside the dollar system.
The host of the 2026 BRICS Summit, New Delhi has moved beyond passive participation to active architecture. The Reserve Bank of India has formally proposed linking the Central Bank Digital Currencies (CBDCs) of member nations a project dubbed the "BRICS Bridge."
Building on the 2025 Rio de Janeiro declaration, India is pushing for a proprietary, interoperable payment rail that would allow Russia, China, India, and new members like the UAE to settle trade instantly in digital local currencies, completely bypassing the U.S. banking system.
RBI actively pilot-testing the e-Rupee’s cross-border capabilities, India is effectively building a "digital SWIFT" immune to Western sanctions. For the Trump administration, this was the final provocation. It wasn't just evasion; it was replacement.
Washington views India’s 2026 agenda not as economic modernization, but as a "monetary mutiny."
(Specially with India dumping US Treasuries upto 50.07 billion $ in one year and accumulate Gold & Silver)
Navroop Singh@TheNavroopSingh
It wasn't just a missed call: The currency clash behind the stalled US-India trade deal m.economictimes.com/markets/us-sto…
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@EtienneKlein Étienne Klein, l’encyclopédie des anagrammes 😎 vous devriez en sortir une
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Je sais bien que ce n’est qu’un effet du hasard, mais cela fait tout de même tout drôle de savoir que « les débats américains » - si l’on en croit leur anagramme - ressemblent de plus en plus à « des litanies macabres ». #oliviergarcia

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@EtienneKlein @NASAWebb Quelle charcuterie avec vous pris en photo cette fois-ci ? 😅
même si je comprends à peine ce que c’est, c’est beau!
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@coinacademy_fr Liquides : elle fait exprès ?
Sures : elle fait exprès ?
Sécurisées : elle fait exprès ?
D’origine criminelle : le crime n’existait pas avant que le bitcoin soit inventé ?
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c'est lunaire !!!! 😂
Crypto Détente@crypto_detente
🚨FLASH : Selon un invité (ou chroniqueur ?) de @BFMTV, le Bitcoin serait une cryptomonnaie “privée” appartenant à un “pote de Trump”. Le niveau d’incompétence est stratosphérique. Si vous ne comprenez rien aux cryptos, arrêtez d’en parler, sérieusement ! 🙄 #Bitcoin #Crypto
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@gmhldg @lexaMoon_crypto Si tu dis ça c’est que tu n’as rien compris à sa stratégie et ce qu’il veut faire.
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@lexaMoon_crypto Et que dès qu’il se sera fait assez de bénéfice il risque de vendre aussi… c’est un investisseur comme nous tous
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Il pense à combien de milliards il va claquer pour buy du #bitcoin
Si ça peut nous le faire partir to ze moon moi ça me va 😅
Michael Saylor@saylor
Thinking about Bitcoin.
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