looks like the EU as a whole is now pushing for Russian banks to be kicked off the SWIFT banking transfer system after all. US and Canada are in favor of it too so it's gonna happen. blocking of the Russian Central Bank's credits/assets is in the works too
in terms of finances this is the most severe option there is, it's like the nukes in warfare. that is, apart from saying no to Russian gas and oil, which is hardly feasibly in terms of current energy use in the EU (but let's see in a few years)
pretty amazing to see all of the EU rally around this. looks like Putin is eliciting more fear than even he feels is productive this time around
of course once again this will hurt the EU's finances too. the cost of living is gonna go through the roof
Putin is sitting on several hundred of billions of dollars to cushion the first impact of the SWIFT blow. He's gonna have to resort to this type of stuff after a while to keep his war economy afloat :
try and expand the alternative he set up for SWIFT a few years back. right now only 20 non Russian banks are in it lol
do business through Belarus to work around the SWIFT system that'll work until Belarus gets the same treatment as Russia. he might find some other allies (Kazakhstan?)
do business with China even more than now
of course Putin is still faaaar away from having to resort to Assad tactics (drug funded state etc etc) or North Korean strategies (smuggling economy and slave labor economy)
Retired.
This will do nothing and they'll stop when the news isn't news anymore. This is really some 'we're not friends with you anymore' type of shit. You can't gain an entire country, then be made that someone started what basically amounts to your paypal account for banks (that they'll reopen eventually). It's still a net gain. It's also an autocracy of people that are used to being poor or having shitty institutions so 'we're going to make your finances inconvenient' does nothing. I'm sure everyone already know this.
SWIFT is one of many options for transactions, so I don't get this and I don't see how they won't just develop their own or use whatever the chinese are using. This is literally a bank-Facebook ban.
Putin pulling out the nukes. threatening Ukraine into submission with the implicot threat of use of small tactical nukes in Ukraine
large nukes being pulled out to scare off the world since a big part of Russia's army is now in Ukraine and Belarus, which leaves Russia itself 'vulnerable' to the outside world.
looks like Putin isn't too happy with being kicked out off SWIFT and the invasion slower than expected progress
peace talks at the Belarus-Ukraine border, on Ukraine territory are now scheduled
Retired.
They've absolutely fucked Russia's economy. Europe closes it's airspace but so does Russia in return. Russia is set to play Poland in a World cup qualifying playoff game but Poland have refused to play them. Fifa being Fifa have said the game will be played in a neutral venue, no Russian flags or national anthem which is bollocks. Either ban them or not. I don't agree with banning the nations flag and then expecting the Russian team to take the pitch. This is more like Fifa don't have the balls to ban Russia outright so expect the Russian team to not turn up themselves. If they do and Poland don't show then Russia will end up in the World cup through forfeit which would be funny.
As for the war itself, I still don't think the Russians are going fall force but this conflict has shown that their airforce isn't up to the standards of NATO's top airforces as they can't take control of the skies against similar aircraft. Ukrainians are letting Russian tanks roll forward and focusing on the supply convoys behind. Meaning the Russian tanks are running out of fuel or are separated on the battlefield making them easier targets for anti-tank missiles.
All the talk about NATO being the ones goading Russia. Well this action will end up with both Finland and Sweden joining NATO. Nobody talks about Russia's meddling in the balkans, the latest case being Bosnia where there's a legit political crisis which has been instigated by Moscow.
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