Saturday, January 28, 2023
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Several countries agree to cut a number of Russian banks from the world’s main payment infrastructure

The United States, the UK, Germany, France, Canada, Italy and the European Commission have agreed to cut a number of…


Several countries agree to cut a number of Russian banks from the world’s main payment infrastructure

The United States, the UK, Germany, France, Canada, Italy and the European Commission have agreed to cut a number of Russian banks from the Society for Worldwide Interbank Financial Telecommunication, known as SWIFT, as well as limit the Russian central bank’s ability to access their oversea reserves.

Germany, the United States, France, Canada, Italy, Great Britain and the European Commission agreed to cut Russia out of the SWIFT global payment system and include limiting the ability of Russia’s central bank to support the rouble.

An exclusion from SWIFT, a very discreet but important cog in the machinery of international finance, is one of the most disruptive of the possible sanctions that the West could deploy against Russia for its invasion of Ukraine.

What people are saying?

Tornado Well moraly the U.S. should go in to prevent this from happening. But legaly we can not. Ukraine is not apart of NATO and germany wont comit to it because if their oil deal with russia. So we have no legal choice but to wait and impose santions on russia.

Kiki NATO, is putting pressure to push back Russia, which seems putting oil in fire. This step can lead to some serious issues, when it comes to prestige. Actually NATO is the only bone of contention in the entire matter, if they really cares they have lot more options.

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