Russia and India and the US

Russia and India Report Article Time for India to stand by Russia Both countries would benefit if Russian companies were given a red carpet to operate in India, especially in infrastructure projects. August 1, 2014 Ajay Kamalakaran  It was quite obvious that U.S. Secretary of State John Kerry, who was in India this week, was trying hard to ‘persuade’ External Affairs Minister Sushma Swaraj and the Indian government to take a hard line against Russia in the wake of the Ukraine crisis. It’s for good measure that there is now a government in New Delhi that is actually bothered about Indian national interest and not following an agenda that is being set by Washington. [LOL ... that last bit definitely sounds true.  See WTO & food security.] ... China is a country that America has realised can never be swayed in its direction. Its size and growing influence give the world’s second largest economy enough confidence to not be bullied by the West, basically making it a lost cause for Washington.  India on the other hand is a key for American designs to divide the world into what it classifies as good guys and bad guys. Although Barack Obama initially seemed less confrontational and much more of a dove than his predecessor, he does his Nobel Peace Prize a disservice.  [LOL.  Yep.] ... The very fact that the West is trying to isolate Russia is a good opportunity for Russian companies to expand their cooperation with both India and Indian companies, especially in infrastructure projects. This is the best time to welcome Russian investment in India and offer tax breaks and preferential agreements for Russian businesses. It would be a winning formula for both countries. There is also some talk about trading in national currencies, but here India and Russia need to exercise a lot of caution. There were a lot of complaints from both sides about the way the old rupee-rouble trade was conducted and things threatened to boil over in the early 1990s over the exact evaluation. It may be better to wait and watch how Russia and China are able to trade in roubles and yuan, before replicating the example in trade with India. Many major economies would like to reduce their dependence on the dollar but this has to be done in a practical and planned manner. China’s overt support for Russia has not led to any serious repercussions from the West, simply because America and its allies are afraid of doing anything that would cause mutual and irreparable damage. The same would apply for India, which is now too big and strategically important to risk ‘losing.’ This is precisely why greater cooperation amongst the BRICS nations is making those trying to protect the existing world order nervous. Greater Indo-Russian engagement and cooperation, both bilaterally and in multilateral setups like the BRICS, is one of the keys to a new global order: one that is not dominated by a war-hungry superpower. Extracts only Source - Russia and India Report - here.

Thought this was worth reading.  It's extracts only.  Complete article @ link provided.

Spot on about a couple of things.

Need to learn about currency trading, as I don't know anything at all about that.

Anyway, it was a good read.  :)