Their foreign reserves are the same value as their national debt, basically if it's frozen then they can write off the debt and come out even. Then they're setting up bilateral trade agreements with vital partners that cut the USD out. They have a SWIFT alternative too. It's also a local consumption driven economy for the most part. I think they've already set themselves up to be financially independant.
shipscomputer t1_ja0gohk wrote
Reply to comment by Shurqeh in German chancellor visits India to boost India's relations with the west and possibly move India away from Russia. by CHTanwar
Their foreign reserves are the same value as their national debt, basically if it's frozen then they can write off the debt and come out even. Then they're setting up bilateral trade agreements with vital partners that cut the USD out. They have a SWIFT alternative too. It's also a local consumption driven economy for the most part. I think they've already set themselves up to be financially independant.