Russia Pushes India to Help Avert Financial Isolation

The video discusses the Financial Action Task Force (FATF) and its role in setting standards for identifying money laundering. Russia's membership in FATF was suspended, and it faces potential blacklisting, which could further isolate its economy. Russia is urging its commercial partners, like India, to oppose further FATF actions. The video explores the pressure Russia is putting on India and the potential impact on their trade relations, especially in oil and defense sectors. It also highlights efforts to establish a non-dollar payment mechanism between the two countries.

What is the primary focus of the Financial Action Task Force (FATF)?

• Facilitating international tourism

• Regulating oil prices

• Combating money laundering

• Promoting global trade

What could be a consequence for Russia if it is blacklisted by FATF?

• Increased international trade

• More economic isolation

• Improved diplomatic relations

• Higher oil prices

How is Russia attempting to influence India regarding FATF actions?

• By promising cheaper oil

• By asking India to use its influence in FATF

• By threatening military action

• By offering financial aid

What are the key commercial interests between India and Russia that could be affected by FATF actions?

• Textiles and manufacturing

• Tourism and agriculture

• Oil and defense supplies

• Technology and education

What payment mechanism are India and Russia trying to establish for their trade?

• A gold-backed currency

• A barter system

• A non-dollar payment mechanism

• A cryptocurrency-based system