Posted on 02/24/2022 7:03:34 PM PST by elpadre
Germany, Italy, Hungary, and Cyprus are blocking Russia's disconnection from the international interbank system SWIFT as CNN reported.
“Removing Russia from SWIFT would make it almost impossible for financial institutions to send money in or out of the country. This would seriously impact Russian businesses with foreign customers and could do real damage to the country's economy,” the message says.
At the same time, high-ranking EU sources report that there is a split in the union amid the adoption of the issue.
It is noted that such countries as Germany, Italy, Hungary, and Cyprus are against disconnecting Russia from the SWIFT payment system.
A high-ranking EU diplomat said that "negotiations are going on right now," but believes that economic interests are likely to win the dispute and Brussels will not disconnect Russia from SWIFT.
As we reported, the United States did not envisage Russia's disconnection from the international interbank payment system SWIFT in the first package of sanctions for aggression against Ukraine, but the issue has not been completely removed from the agenda.
“This would seriously impact Russian businesses with foreign customers and could do real damage to the country’s economy,”
Isn’t that the idea?
The Russians would turn off the gas flow to Germany if the flow of money to pay for the gas is shut off.
but the joe Brandon says he doesn’t need to stop swift...
Not for Deep States.
Yep.
The Europeans know they’ll be forced to buy Russian oil with gold and platinum if they disconnect Russia from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system.
Kindda hard to pay your gas bill when your supplier attacks your neighbor and you cut banking ties... so you better keep those ties together.
Man this is the worst war ever.
Gas gets shut off to Europe if they try this stunt, since Russia could rightfully claim that there is no way they’ll get paid for their gas.
Germany at least understands this, along with Hungary.
A fact that’s routinely ignored is that both Germany and Italy have sizable populations of “ex”-Commies who had an affinity for the old Soviet Union. Not everyone in the old East German DDR hated the Russkies. Some of ‘em liked the USSR. Some of them worked for the USSR. Likewise, throughout the ‘60s & ‘70s & ‘80s the Italian Communist Party was a font of Soviet propaganda and influence. Not all of those loyalties and connections are defunct.
Another element of all this is that business is business. The Euros talk up their unwavering love and support for Ukraine, but it’s mostly b.s. Business is business, and the Russkies are rolling in petro-cash, and money buys influence.
Leningrad was under Nazi siege for a year and a half and held out.
If the West pushes too hard Western brands will get replaced.
the EUSSR doesn’t allow a real sanction. putin wins again.
The one thing that communist American D-bags hate more than American it is hating on Russia. They will never forgive Putin for not bringing back the old Soviet Union.
The Russians would turn off the oil flow to the USA if the flow of money to pay for the oil is shut off.
Translation: We won’t be able to buy the Russian gas that we are now dependent on.
In 2020 Russian transactions amounted to about 2% of all SWIFT messages.
This is not as big of a deal at people make it out to be. The oligarchs have had months to move their money. At best..this is shutting to doors while the horse is down the street and around the corner.
Nobody including President Retard can buy petro from Russia with the means to pay them 🤪
Libtards always thinking ahead 🙄
Without the means to pay the man - vlad
It’s interesting..Bitcoin shot up a bunch right after the sanctions were announced. That bypasses SWIFT.
And unless you are sending them to Canada you are good to go. Lol.
China would like to have fossil fuels after invading Taiwan.
Only Russia can guarantee these fuels in such a situation.
Russia will naturally expect Chinese financial transaction assistance to be provided if needed.
If the Chinese are cut off from SWIFT say goodbye to Amazon and Walmart jobs too.
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