About the author

Col RN Ghosh Dastidar (Retired)

Col RN Ghosh Dastidar (Retd) is a keen follower geopolitics around the globe and an amateur freelance journalist.

Read More About: Col RN Ghosh Dastidar (Retired)



  1. Col RS Sidhu

    A very well articulated paper that gives out the pitfalls of trading in Yuan. The increased acceptability of Yuan is impacting India’s near abroad by giving China increased influence.

    However, there’s an upside too. Just like Dokalam 2017 and Galwan 2020 have forced India to upgrade its militarily infrastructure along northern borders with China Occupied Tibet, the reluctant settling of its energy imports from Russia in Yuan is forcing the Indian government to fast track measures that will enhance international acceptability of Indian rupee for settling bilateral trade.

    Currently India is required by Russia to settle only 10% of energy imports in Yuan. Rest is being settled in Rupee and Durham. However, India is importing more than its current energy needs, to refine and resell at a profit to energy starved Europe. These refined energy exports are providing India vital foreign exchange earnings in US $.

    There’s a geopolitical aspect to the Russian insistence to accept 10% payment for Indian energy imports in Yuan. It’s in Russia and China’s interest to push international trade settlements away from US $. India too is making windfall profits by refining and reselling oil to Europe, thus increasing its geopolitical heft in EU.

    It reflects a very interesting intertwining of geopolitics and geoeconomics !!!

    1. Rabindra

      Well said RS. It adds great value to this article.

  2. Vinod Kumar Sharma

    Colonel Dastidar has analysed in great details the requirement of strengthening our economy and currency so that we are not unduly exploited and coerced by the world Economic powers. For this we have to prioritise our energy self sufficiency efforts and reduce imports. It also highlights the selfish games being played by the world powers to enhance their military and economic interests at the cost of developing and poor countries. As a citizen it is also our moral duty to encourage indigenous renewable forms of energy products and other daily use items.

  3. Samarth

    It’s soo very interesting to read how the economy of a nation is directly impacted and intertwined with an armed conflict thousands of miles away.
    Delightful read!


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