It was facilitated by the westerners. NATO EU US were the room attendants who made up the bed… Russia will probably deal with Brazil, India, China, South Africa, Venezuela, (and Turkey) along with a host of other countries.
I am guessing that you don’t understand securities trading and alternate payment methods. Right now the trading values of those Russian Bonds are falling like a rock. They will be mark to market valued at pennies on the dollar. They are still for sale on the secondary market. Western financial houses have these bonds on their balance sheets, which means they are going to have to mark down their assets market values when the market opens tomorrow. Many will choose to cut their losses and sell for pennies on the dollar to par value. Don’t be surprised when Chinese, and other nations buy up those bonds for the now steeply discounted prices to par value. They are already breaking sanctions, and will work out a deal with Russia for direct payment of the debt service on the bonds in a currency other than dollars, in commodities, or through debt swaps. In the end the Western financial houses take the loss and Russia keeps right on moving. And it seems we are doing the same fools play with Russian Gold Bullion. Russia has the physical gold, and the nations refusing to honor the sanctions will be more than happy to take debt service on the Russian debt in Gold.
So tell me again how this is so brilliant and the West is taking it to Putin.
Russia has commodities, we have financial institutions, one creates wealth, one moves it around. Our navy props up the dollar but it all hinges on reserve currency status. Biden pissed that away. Would you bank with a bank that would seize your assets over political differences? Course not. We have been functioning as the world bank, then we started arbitrarily seizing accounts, that doesn’t fly.
Surprised me India threw in with Russia and China, must have “surprised” intelligence as well. Or not, see seizing accounts, they probably aren’t so clean either and fear they are next if they tie their rising boat to our sinking one.
Get solar and start farming. What I am doing. Don’t forget the iodine tablets.
They are a producer of gold. Apparently they export over 12 Billion in bullion form every year. So they have Oil, Natural Gas, and Gold as exported commodities. The Soviet Union had to settle trade with the West in commodities, because no one would take the Soviet Ruble. They have decades of experience dealing with no access to Western banking and dollar denominated trade.