You don't get what I am saying... Unless Russia is discounting the price of oil, the Rupee oil deal is clutching at straws... India doesn't need to convert its currency but, Russia does and the Indians gain 0.26 on the Rupee. Russia is trying to keep their economy a float when they are losing a war and can't even get fuel to their tanks in the field. Russia is also still competing with other nations for india's business and question I asked compound question;"...so lets say Russia is selling oil at 50% of the Global price..."
Russia can't use the same Global System America runs , so they have either got to go to the Chinese system (which India doesn't want to do) or deal with India directly. Which they are... So my question is a) whats Russia bringing to the table that India would risk sanctions for dealing with them? And (b) how much longer can Russia take the strain on their economy?. A $15 dollar item is still 1,500 rupees so lets say Russia is selling oil at 50% of the Global price, are the Russians also getting a discount on Indian imports or, are they paying "full price." If they are paying full price, then how long can the Russian economy suffer the burden of an economic depression, plus inflation and high export costs/and low import profits?
Russia is only now starting to get back up but, much of it Gold reserves are outside the nation and like I said Russia has to discount its oil to sell it... Just found this, the point remains the Russian economy is strained and straining still... So my point being the same, Russia selling oil to India in Rupees doesn't effect the dollar to such a degree as your article implies. And regardless of the view stated in type of currency, the value is the same.