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submitted 2 days ago by lemmee_in@lemm.ee to c/world@lemmy.world

Russian companies have established a barter trade system with Pakistan to facilitate economic exchanges without the need for monetary transactions, as they seek to overcome challenges with payments related to Western sanctions on Moscow.

The alternative trade arrangement was signed at the first Pakistan-Russia Trade and Investment Forum in Moscow. According to the Russian state media outlet TASS, the first Russian company to use the mechanism will be Astarta-Agrotrading, which will supply Pakistan with chickpeas and lentils. Pakistan’s Meskay + Femtee Trading Company will reciprocate by providing mandarins and rice.

Under the terms of the agreement, Russia will export 20,000 tons of chickpeas, while Pakistan will supply an equivalent amount of rice. Another contract stipulates that Russia will send 15,000 tons of chickpeas and 10,000 tons of lentils in exchange for 15,000 tons of mandarins and 10,000 tons of potatoes.

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[-] scholar@lemmy.world 78 points 2 days ago

They've been bombed back into a barter economy

[-] NoneOfUrBusiness@fedia.io 26 points 2 days ago

*Sanctioned but yeah.

[-] uber_chicken@lemmy.world 10 points 2 days ago

Boo-fucking-hoo

[-] Gradually_Adjusting@lemmy.world 65 points 2 days ago

Goddamn it, nothing I can say about this is as funny as the fact that it's really happening

[-] linearchaos@lemmy.world 17 points 2 days ago

Had to double check it wasn't the onion.

[-] FlyingSquid@lemmy.world 28 points 2 days ago

"Please ignore the missiles hidden inside the crates of mandarins."

[-] logos@sh.itjust.works 9 points 2 days ago

St. Petersburg demands pearls.

[-] Stamau123@lemmy.world 10 points 2 days ago

Trading shelf stable beans for perishable oranges and potatoes at a 1:1 ratio...

[-] sir_pronoun@lemmy.world 17 points 2 days ago

Quick, let's all go collect sea shells, send them to Russia for free and deal the death blow to their economy by hyperinflation!!

[-] ChicoSuave@lemmy.world 8 points 2 days ago
[-] raynethackery@lemmy.world 4 points 2 days ago

As if mandarins weren't expensive enough.

this post was submitted on 03 Oct 2024
224 points (98.7% liked)

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