What is the SWIFT system, and what does it mean for Russia? CNBC’s Will Koulouris explains.
What is the SWIFT system, and what does it mean for Russia?
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What is the SWIFT system, and what does it mean for Russia? CNBC’s Will Koulouris explains.
Good Vladimir Putin needs to get punished for attacking Ukraine.
They should creat another alternative to keeps business move forward . But peace should be achieved at the same time .
Russia already uses other payment systems and relies only a little on Swift.
what about the countries that get their oil and energy from Russia? Serious question
consequences to russian economy for putin war crimes in ukraine
I think they will turn to Africa for more oil. Saudi Arabia can’t supply much because they don’t have much left
Country like Nigeria oil isn’t finishing any time soon.
Banks that are related to the oil and gas sectors of russia are not kicked out of swift. 2 National banks that deal with the currency circulation and other sectors like steel and food are kicked off of swift.
They could go back to nuclear if Russia doesn’t come to their senses
Lol lol. QSF….all the swift in the world in going DOWN..DUMMY. NASRA / GASRA…😂😂😂 you will see
All that great sanction yet cutting off oil and gas from Russia is the best option. US certainly is capable of producing own, i e SD keystone pipeline. Biden admin needs to stop crazy green policy. Let energy companies do their job n stimulate US economy than making Putin richer every day. Look how we got here..
China moving in?
china is just making sure they can buy coal and wheat, nobody expects empathy or humanitarian from the chinese, with 1.5 billion, they smile when they lose a million people, more room.
Russia is broke. Why would China want to do business with a poor country
tl;dr: It’s a swift kick to the groin of Russia’s banking system.
John Kerry needs a good Swift Boatin’
Asia, Africa, Latin America who need Russian oil will find alternative to SWIFT. Over time, SWIFT dominance and dollar dominance will end.
not while the civilized world uses it sucker
@paladro
“Civilized” that right there shows what you think about the countries outside of North America & Europe…
FYI… There are already alternatives to swift as it stands and this is already making them a must have…
@paladro your civilized world can live in your bubble that nobody give a crap, LOL.
Hurry up , Come with more rubel’s
Where are you
On the toilet 😂😂😂😂
ruble falling, falling… russians will be rioting against putin soon. 100:1 against the USD putin is paranoid petro gangster holding ukraiine hostage and losing. if puti escalates civilian casualties, NATO will engage and then i guess we’ll see if putin has the stones for nuclear war.
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USA prohibit US companies (Google) involved in Huawei.. Huawei comes back better and stronger. Who needs Google playcraps which fulls of ads… Huawei kicks out Google playstore craps. USA told EU to sanctioned Russia from SWIFT… No more business with European NATO nations… Russia going to be hurt? or EU going to be florished? EU going to cut trees in winter.. Ha ha ha.. Russia will come stronger and better and will swiftly kick out SWIFT… Cannot wait to see European NATO nations leader to kowtow towards Mother Russia.
Selective banks = the small ones
It’s like playing chess. We’ll see what Russia will do. Probably, Russia and it’s partners will try and promote alternative forms. After All, it’s just a software helping for transactions.
ARTIFICIAL INTELLIGENCE.
In truth, it doesn’t mean shit to Russia.
Is everyone sleeping or what Russia isn’t bound to Swift it uses another method it developed called SPFS. When USA threatened Russia to cut them from Swift them and China now use completely different system, hence why they haven’t stopped providing gas and oil to Germany etc as they still get money into there country. There currently 20 odd countries who have started using this system so this is all mirage and illusion to the west.