US has no objection to Bangladesh importing fuel oil from Russia: PM’s energy advisor

[MH.Yang]

@Abu Shaleh Rumi @MH.Yang

There is another possibility- I believe India is trying to explore it. Import it in the local currency itself such as INR or BDTk. Russia needless to say will have a surplus- but they can then invest it as local currency GoI/GoBD bonds or even invest in debt/equity portfolio or FDI.

Regards

India had better continue to use CNY for payment.

Because the Russian govt is frantically collecting as many CNY as possible, they need a lot of CNY to expand and balance trade with China.

They are exchanging gold for CNY at a discount of 30% and also offer an interest rate of up to 8% for CNY account, which is 533% of the interest rate of CNY account of Bank of China (1.5%).

As for the Indian rupee, it depreciated too quickly.

In 1994, one dollar was converted to 8.6CNY.
In 2022, 1 US dollar was converted to 6.7CNY.

In 1994, one dollar was converted to 11.2 rupees.
In 2022, one dollar was exchanged for 79.5 rupees.

Russian Gold Rerouted to China Amid Western Ban - The Moscow Times

Russia has significantly ramped up gold exports to China as Western governments closed their markets to the precious metal over the war in Ukraine, media outlet RBC reported Friday citing Chinese customs data.

www.themoscowtimes.com

Russia’s VTB Offers Up to 8% Interest Rate for Yuan Deposits

VTB Bank PJSC is offering a Chinese yuan savings account with a maximum interest rate of 8% as the Russian lender faces strict sanctions from the U.S. and U.K. in a push to financially isolate Russia through widening penalties.

www.bloomberg.com

 

[Abu Shaleh Rumi]

@Abu Shaleh Rumi @MH.Yang

There is another possibility- I believe India is trying to explore it. Import it in the local currency itself such as INR or BDTk. Russia needless to say will have a surplus- but they can then invest it as local currency GoI/GoBD bonds or even invest in debt/equity portfolio or FDI.

Regards

Im not a banking wizard. So no idea...

 

[newb3e]

But, why blame America for what it is today? America has become the great leader of Western (read Christian) society by virtue of its continuous scientific research and inventions for many centuries.

Thomas Savery, an English engineer first pioneered the steam engine in 1698 followed by Benjamin Franklin who discovered electricity in the year 1752,

The Christian world worked hard for centuries to industrialize after these two main inventions.

I am not citing the works of Newton, Galileo, and a hundred other Christian scientists and engineers, but the above two events propelled the Christian society to move forward. Think of the Wright brothers inventing the airplane.

When they were busy doing scientific basic research and building industries, we remain complacent with our old-time superstitions and do not learn or study from their works.

So, it is no wonder that America being the leader of the Christian/ Western world would rule over the world. And, for us, the grape is sour!!!

not blaming usa just sad they dont have rulling elite like ours in every country willing to bow down and lick amriki balls! life would be so easy for lord amrika!

 

[SoulSpokesman]

@MH.Yang

India had better continue to use CNY for payment.

Good idea! But where do we get CNY from? We have a large deficit with PRC.

Regards

 

[MH.Yang]

@MH.Yang

India had better continue to use CNY for payment.

Good idea! But where do we get CNY from? We have a large deficit with PRC.

Regards

Indians are now using CNY to trade with Russians. Obviously, Indians have a way to get enough CNY.

EXCLUSIVE India's top cement maker paying for Russian coal in Chinese yuan

India's biggest cement producer, UltraTech Cement , is importing a cargo of Russian coal and paying using Chinese yuan, according to an Indian customs document reviewed by Reuters, a rare payment method that traders say could become more common.

www.reuters.com

 

[Destranator]

The BD minister must threaten the US in the BG that they will tile towards China if US obstruct oil import from Russia to ease their inflation problem.

To be able to do that, China needs to offer BD economic protection. Bangladesh's Achiles Heel is overdependence on the West for forex through exports. CCP can direct Chinese companies looking to outsource to set up plants in Bangladesh - this way, Bangladesh's export will be diversified towards China.
Without concrete assurances from China, BD has to keep playing these stupid, timid diplomatic games to maintain balance.

 

[Finer]

It's not that we have never been sanctioned before but what baffles me is the slave mindset of our elites specially in institutions that are supposed to be the defenders of the integrity of Pakistan. We have seen twice in a decade how easy our military elites bend to the will of their US Masters. The first time it was Musharraf who gave up on a single phone call and this time they did not even need a phone call, a letter for a third date diplomat did the trick.
I mean by towing the US line what exactly was forgiven and what problems were eased? As far as anyone can see, the dollar is 220 something, fuel prices, soaring, electricity units now costing around 40, inflation is over 43%, IMF still fuming and not willing to ease its conditions, still on the FATF grey list. So what exactly was eased for Pakistan? This is the question that those responsible for this whole regime operation need to make answerable and accountable. Until then it will be business as usual till next time.

When you are threatened with economic sanction and back to Stone Age in form of nuclear war, whoever in the leader will seem yes-man of USA prior to the threat in order to survive. Lacking Iman or faith on ALLAAH does that.

 

[Nasr]

What shameless duplicity, where America topples Imran Khan's government for trading with Russia, but no objections if India or Bangladesh do it. Why? Because Pakistan being a Muslim country with Nukes, is the greatest threat to the West's b@$t@rd child, israel.

 

[RoadRunner401]

It's not a fokirni mindset - it's the reality.

If US opinion did not matter then everybody, including Pakistan, would be buying Russian Oil rather than staving off bankruptcy.

Like it or not most countries benefit from the USA - it's massive consumer market, remittances, weapons, loans and aid. So it can't be dismissed.

It's very important to play the game right

Bangladesh is a successful independent sovereign state, Pakistan is Banana Republic owned and operated by some guy named LU there is no comparison any how are you talking about the Same USA that's buying Russian oil Via India?

What shameless duplicity, where America topples Imran Khan's government for trading with Russia, but no objections if India or Bangladesh do it. Why? Because Pakistan being a Muslim country with Nukes, is the greatest threat to the West's b@$t@rd child, israel.

Wrong Americans didn't topple Pakistani Government, Pakistan Army did.

 

[IceCold]

When you are threatened with economic sanction and back to Stone Age in form of nuclear war, whoever in the leader will seem yes-man of USA prior to the threat in order to survive. Lacking Iman or faith on ALLAAH does that.

If you read multiple accounts of that incident, the Pakistani general even agreed to things that were not even demanded by the US. Secondly, if Pakistan were to become part of this war, what exactly did we gain out of it? We could have secured a much better deal, but we did not. That just shows the mentality of a loser, a slave.

 

[Bengal71]

Bangladesh is a successful independent sovereign state, Pakistan is Banana Republic owned and operated by some guy named LU there is no comparison any how are you talking about the Same USA that's buying Russian oil Via India?



Wrong Americans didn't topple Pakistani Government, Pakistan Army did.

What? All this time you guys were shouting from the top of your lungs, Bangla slaaav. What happened now?

@AmiEktaKharapChele

 

[StraightEdge]

why should BD care about what US wants?

 

[Bengal71]

To be able to do that, China needs to offer BD economic protection. Bangladesh's Achiles Heel is overdependence on the West for forex through exports. CCP can direct Chinese companies looking to outsource to set up plants in Bangladesh - this way, Bangladesh's export will be diversified towards China.
Without concrete assurances from China, BD has to keep playing these stupid, timid diplomatic games to maintain balance.

Yesss, tell em. You want us to kick US and be your friends ? Show us the money. No money, no honey.