Russian companies have established a barter trade system with Pakistan to bypass challenges posed by Western sanctions on Moscow, enabling economic exchanges without monetary transactions. The deal, signed at the Pakistan-Russia Trade and Investment Forum in Moscow, allows Russia’s Astarta-Agrotrading to supply chickpeas and lentils to Pakistan, while Pakistan’s Meskay + Femtee Trading will send mandarins and rice in return. One contract involves 20,000 tons of chickpeas for an equivalent amount of rice, while another includes an exchange of 15,000 tons of chickpeas and 10,000 tons of lentils for mandarins and potatoes. The barter system was developed due to payment difficulties amid sanctions, offering a way to trade without attracting attention from monitoring organizations.
Barter trade between Russia and other countries, including China, has been explored previously as an alternative to conventional payments. Though discussions with China about resuming barter trade in metals and agricultural products have been slow, Russia and China are also working on a BRICS Bridge payment system, expected to be operational by 2028.
Flimsy_List8004 on
Convenient. Since they’ll be speaking it soon.
Bonoisapox on
All of Russia – Screwdrivers ! 🍹
EmpSo on
time to sanction barter /s
Alaric_-_ on
The workers are gonna be happy about their new salary, 15 kilos of mandarins. They surely can pay their rent with those same mandarins before they start turning brown? *
Sounds like super-smart Putin has this whole economy thing all figured out!
*Yes, i’m joking. The workers will be paid with worthless rubbles that are worth less then toilet paper. Which russia has to import from abroad and pay for with the mandarins…
ladivision2 on
What next sticks and stones at currency?
EthanIndigo on
Wow! How about some pepsi for a battleship…wow
Strong_Remove_2976 on
They degrade slower than the rouble, you see?
More-Razzmatazz-6804 on
Medieval russia 🗡🐴
Castle916_ on
They run out out of beets and potatoes?
ButterscotchFancy912 on
#PRICS doin?
Token-Gora on
I hate to say this, I really do … but, this can actually scale. Not nicely, and with significant inefficiencies, but it can.
After Roman coins became worthless, Diocletian stopped accepting them as payment for taxes. Just let that sink in. He created one of histories first CPIs, enormous interlinked tables of what different things were worth in terms of other things. It was messy, but it was scaled up to the Roman Empire size scale, and for a while it worked. This was without modern computers and communications networks. It wouldn’t be pretty, and how profit incentives and share-holder returns figure into something like that I have not the first idea … but weirder shit has happened.
12 Comments
Summary:
Russian companies have established a barter trade system with Pakistan to bypass challenges posed by Western sanctions on Moscow, enabling economic exchanges without monetary transactions. The deal, signed at the Pakistan-Russia Trade and Investment Forum in Moscow, allows Russia’s Astarta-Agrotrading to supply chickpeas and lentils to Pakistan, while Pakistan’s Meskay + Femtee Trading will send mandarins and rice in return. One contract involves 20,000 tons of chickpeas for an equivalent amount of rice, while another includes an exchange of 15,000 tons of chickpeas and 10,000 tons of lentils for mandarins and potatoes. The barter system was developed due to payment difficulties amid sanctions, offering a way to trade without attracting attention from monitoring organizations.
Barter trade between Russia and other countries, including China, has been explored previously as an alternative to conventional payments. Though discussions with China about resuming barter trade in metals and agricultural products have been slow, Russia and China are also working on a BRICS Bridge payment system, expected to be operational by 2028.
Convenient. Since they’ll be speaking it soon.
All of Russia – Screwdrivers ! 🍹
time to sanction barter /s
The workers are gonna be happy about their new salary, 15 kilos of mandarins. They surely can pay their rent with those same mandarins before they start turning brown? *
Sounds like super-smart Putin has this whole economy thing all figured out!
*Yes, i’m joking. The workers will be paid with worthless rubbles that are worth less then toilet paper. Which russia has to import from abroad and pay for with the mandarins…
What next sticks and stones at currency?
Wow! How about some pepsi for a battleship…wow
They degrade slower than the rouble, you see?
Medieval russia 🗡🐴
They run out out of beets and potatoes?
#PRICS doin?
I hate to say this, I really do … but, this can actually scale. Not nicely, and with significant inefficiencies, but it can.
After Roman coins became worthless, Diocletian stopped accepting them as payment for taxes. Just let that sink in. He created one of histories first CPIs, enormous interlinked tables of what different things were worth in terms of other things. It was messy, but it was scaled up to the Roman Empire size scale, and for a while it worked. This was without modern computers and communications networks. It wouldn’t be pretty, and how profit incentives and share-holder returns figure into something like that I have not the first idea … but weirder shit has happened.