🌍 BREAKING: BRICS Defies U.S. Sanctions in Major Energy Move
🇷🇺➡️🇮🇳 India imports 1.7M barrels of Russian oil in November — up 3.4% from October — despite U.S. pressure and 50% tariffs.
🛢️ Key Details:
· December shipments: 1.2M barrels already en route
· Major refiners involved: Indian Oil Corp, Bharat Petroleum, Hindustan Petroleum (in talks for 2026)
· Settlements in local currencies: Rupee, Ruble, Yuan — not USD
· India’s estimated savings: ~$7B in forex
⚡ Why This Matters:
💸 Dedollarization in Action
BRICS is accelerating away from the U.S. dollar, using local currencies for energy trade — a direct challenge to USD hegemony.
🛡️ Sanctions Backfire
U.S. restrictions have pushed BRICS closer, secured discounted oil for members, and accelerated de-dollarization.
📉 Geopolitical Shift
Energy alliances are realigning. Global trade is fragmenting into blocs.
🚨 Bottom Line:
This isn’t just about oil — it’s about a new financial world order being built in real time.
#BRICS #Oil #Russia #India #DeDollarization
