๐ BREAKING: BRICS Defies U.S. Sanctions in Major Energy Move
๐ท๐บโก๏ธ๐ฎ๐ณ India imports 1.7M barrels of Russian oil in November โ up 3.4% from October โ despite U.S. pressure and 50% tariffs.
๐ข๏ธ Key Details:
ยท December shipments: 1.2M barrels already en route
ยท Major refiners involved: Indian Oil Corp, Bharat Petroleum, Hindustan Petroleum (in talks for 2026)
ยท Settlements in local currencies: Rupee, Ruble, Yuan โ not USD
ยท Indiaโs estimated savings: ~$7B in forex
โก Why This Matters:
๐ธ Dedollarization in Action
BRICS is accelerating away from the U.S. dollar, using local currencies for energy trade โ a direct challenge to USD hegemony.
๐ก๏ธ Sanctions Backfire
U.S. restrictions have pushed BRICS closer, secured discounted oil for members, and accelerated de-dollarization.
๐ Geopolitical Shift
Energy alliances are realigning. Global trade is fragmenting into blocs.
๐จ Bottom Line:
This isnโt just about oil โ itโs about a new financial world order being built in real time.
#BRICS #Oil #Russia #India #DeDollarization
