India’s close military and diplomatic ties with Russia were forged during the
anti-colonial struggles of the Soviet era. India’s economic interests in Russian
exports could not be countermanded by U.S. threats. Now India and Russia are now
working on trade via ruble-rupee exchange. In fact, Russia has turned out to
be a factor that put India and China on the same side, pursuing their own
interests and independence in the face of U.S. diktat. Moreover with trade in
ruble-renminbi exchange already a reality and with ruble-rupee exchange in the
offing, are we about to witness a Renminbi-Ruble-Rupee world of trade – a “3R”
alternative to the Dollar-Euro monopoly? Is the world’s second most important
political relationship, that between India and China, about to take a more
peaceful direction? What’s the world’s first most important relationship?
