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General Discussion >> Thinking Globally >> Sanctions against Russia not working - SWIFT http://www.ozpolitic.com/forum/YaBB.pl?num=1645770397 Message started by Bobby. on Feb 25th, 2022 at 4:26pm |
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Title: Sanctions against Russia not working - SWIFT Post by Bobby. on Feb 25th, 2022 at 4:26pm
SWIFT is an acronym for
the Society for Worldwide Interbank Financial Telecommunications and may also be referred to as a CIC code. Biden keeps talking about sanctions against Russia - but it's mostly nonsense. If SWIFT was cut off then Europe couldn't get gas and oil so it's not being cut off. I believe so far that it's Germany and Italy refusing to cut off SWIFT. https://www.thedailystar.net/business/global-economy/news/eu-unlikely-cut-russia-swift-now-2970061 EU unlikely to cut Russia off SWIFT for now Reuters, Brussels Fri Feb 25, 2022 12:00 AM Last update on: Fri Feb 25, 2022 02:36 AM The European Union is unlikely at this stage to take steps to cut Russia off from the SWIFT global interbank payments system as it works on a new package of sanctions against Moscow for its action against Ukraine, several EU sources said. The foreign ministers of the Baltic states, once ruled from Moscow but now members of NATO and the EU, called on Thursday to stop Russia's access to SWIFT. Other EU member states are reluctant to make such a move because, while it would hit Russian banks hard, it would make it tough for European creditors to get their money back and Russia has in any case been building up an alternative payment system. "Urgency and consensus is utmost priority at the moment," said an EU diplomat. |
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Title: Re: Sanctions against Russia not working - SWIFT Post by Bobby. on Feb 25th, 2022 at 4:40pm
The Germans and the Italians have already rejected it.
SWIFT will continue - Putin will continue. After Ukraine comes Poland - the gateway into Western Europe. |
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Title: Re: Sanctions against Russia not working - SWIFT Post by Frank on Feb 25th, 2022 at 5:01pm
In a press conference earlier this month, Vladimir Putin noted that the Ukrainian government does not like the Minsk agreement and then added: “Like it or not, it’s your duty, my beauty.”
The saying has well-known sexual connotations: Putin appeared to be quoting from “Sleeping Beauty in a Coffin” by the Soviet-era punk rock group Red Mold: “Sleeping beauty in a coffin, I crept up and f**ked her. Like it, or dislike it, sleep my beauty.” Although the Kremlin press representative claimed that Putin referred to an old folkloric expression, reference to Ukraine as an object of necrophilia and rape is clear. Back in 2002, Putin replied to a Western’s journalist’s question with: “If you want to become a complete Islamic radical and are ready to undergo circumcision, then I invite you to Moscow. We are a multidenominational country. We have specialists in this question [circumcision]. I will recommend that they carry out the operation in such a way so that afterward, nothing else will grow” — a rather vulgar threat of castration. ... All of us from countries which have to witness the sad affair of Ukraine’s rape should be aware that only a real castration prevents rape. So we should recommend that the international community carries out a castrative operation on Russia — ignoring and marginalizing them as much as possible, making it sure that afterwards, nothing else will grow of their global authority. By Slavoj Zizek |
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Title: Re: Sanctions against Russia not working - SWIFT Post by MeisterEckhart on Feb 25th, 2022 at 5:17pm
I wonder if the neo-marxist Slavoj Zizek has a solution to the problem that Russia won't just go away.
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Title: Re: Sanctions against Russia not working - SWIFT Post by issuevoter on Feb 25th, 2022 at 5:24pm
Putin has imprisoned or executed his political rivals. And had his tenure as president extended indefinitely. In a sense he is worse than the CCP because they actually produce stuff for the rest of world. With the capture of coastal Ukraine the Black Sea becomes a Russian lake. Recently, he made deals with Turkey, which is under an Islamist dictatorship. With the coast of Syria friendly to Putin, this situation makes the eastern Mediterranean Sea a sphere of Russian naval influence with no opposition other than Allied fleets a long way from home. Does the Australian Left still condemn Israel as Putin's navy moves toward the Suez Canal?
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Title: Re: Sanctions against Russia not working - SWIFT Post by Bobby. on Feb 25th, 2022 at 5:28pm issuevoter wrote on Feb 25th, 2022 at 5:24pm:
Putin is a thug - he only understands brutal force. |
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Title: Re: Sanctions against Russia not working - SWIFT Post by MeisterEckhart on Feb 25th, 2022 at 5:52pm Bobby. wrote on Feb 25th, 2022 at 5:28pm:
Something to help ease your trait neuroticism. https://www.youtube.com/watch?v=4oULSBdQb-U |
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Title: Re: Sanctions against Russia not working - SWIFT Post by Bobby. on Feb 25th, 2022 at 10:15pm
So now the story has completely changed.
Before it was definitely happening and now it's not. https://edition.cnn.com/2022/02/25/business/swift-russia-putin/index.html The West could still kick Russia out of SWIFT as the 'last resort' By Charles Riley, CNN Business Updated 1207 GMT (2007 HKT) February 25, 2022 The United States and the European Union held back from cutting Russia off from SWIFT, a high security messaging network that connects thousands of financial institutions around the world, after failing to agree on a step that some have called the "nuclear option." It would damage Russia but also big economies in Europe. Ukraine appealed for Russia to be removed from SWIFT after President Vladimir Putin ordered an invasion on Thursday. The call from Kyiv was backed by Lithuania, Estonia, Latvia and the United Kingdom but other European countries resisted. US President Joe Biden told reporters on Thursday that depriving Russia of access to SWIFT is "always an option." But, he added, "right now, that's not the position that the rest of Europe wishes to take." French Finance Minister Bruno Le Maire said the measure could still be adopted as the "very last resort." It is "one of the options that remains on the table," he told journalists ahead of a meeting of EU finance ministers. Germany, which relies on Russian gas to power the largest economy in Europe, is the most notable holdout. Chancellor Olaf Scholz, who earlier this week won praise for halting certification of a new Russian natural gas pipeline, has come under withering criticism at home. "SWIFT is our sharpest sword," Christian Democratic Union lawmaker Norbert Röttgen said Thursday on Twitter. "The SWIFT exclusion of Russia must not fail now because of Germany!'' The German government said such a move would require careful preparation. ''A suspension of SWIFT would ... have a massive impact on payments in Germany and for German companies doing business with Russia but also to settle energy supply payments — that all would have to be well prepared,'' Steffen Hebestreit told reporters. |
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Title: Re: Sanctions against Russia not working - SWIFT Post by Mustapha_Khunt on Feb 25th, 2022 at 10:29pm Frank wrote on Feb 25th, 2022 at 5:01pm:
Oh, old boy, you spoke Zizek... |
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Title: Re: Sanctions against Russia not working - SWIFT Post by Sprintcyclist on Feb 26th, 2022 at 12:09am
I've got an ugly feeling NATO and the world will do nothing about this
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Title: Re: Sanctions against Russia not working - SWIFT Post by Bobby. on Feb 26th, 2022 at 12:14am Sprintcyclist wrote on Feb 26th, 2022 at 12:09am:
Boris Johnson and Biden just made stuff up. They both said that by tomorrow SWIFT would stop all transactions with Russia. It was just for a nightly news sound grab to sound tough. It was all bullshit - they had never consulted the European leaders. |
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Title: Re: Sanctions against Russia not working - SWIFT Post by Ye Grappler on Feb 26th, 2022 at 8:35am Well - give sanctions five minutes.... |
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Title: Re: Sanctions against Russia not working - SWIFT Post by Gordon on Feb 26th, 2022 at 8:51am Sprintcyclist wrote on Feb 26th, 2022 at 12:09am:
Well Biden took military intervention off the table weeks ago which gave Putin the green light. |
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Title: Re: Sanctions against Russia not working - SWIFT Post by athos on Feb 26th, 2022 at 9:47am
The sanctions will do the most damage to Germany and the rest of Europe.
Their primary goal is to prevent the greatest nightmare of the Anglobrotherhood, or as they call it, the "Devil's Trinity", which is the Beijing-Moscow-Berlin alliance. That is why it is necessary to keep Germany and the rest of continental Europe under Anglo-occupation. |
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Title: Re: Sanctions against Russia not working - SWIFT Post by AiA on Feb 26th, 2022 at 9:53am athos wrote on Feb 26th, 2022 at 9:47am:
More psychic impartations? |
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Title: Re: Sanctions against Russia not working - SWIFT Post by Jim Lahey on Feb 26th, 2022 at 10:18am athos wrote on Feb 26th, 2022 at 9:47am:
che ching another 50cents LOL |
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Title: Re: Sanctions against Russia not working - SWIFT Post by Bobby. on Feb 26th, 2022 at 11:48am Gordon wrote on Feb 26th, 2022 at 8:51am:
Biden didn't want to risk a nuclear war WW3 with Russia over the country of Ukraine. I can understand that - however what about his sanctions? - they were falling apart as he was announcing them. |
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Title: Re: Sanctions against Russia not working - SWIFT Post by Redmond Neck on Feb 26th, 2022 at 11:55am
From what I gather the sanctions against Russia and Putins cronies may take weeks or even months to have any impact.
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Title: Re: Sanctions against Russia not working - SWIFT Post by athos on Feb 26th, 2022 at 11:58am Bobby. wrote on Feb 26th, 2022 at 11:48am:
Dear Anglobrotherhhod listen to my friendly advice, don't mess with the Russians, they are very tough people. ;D |
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Title: Re: Sanctions against Russia not working - SWIFT Post by Bobby. on Feb 26th, 2022 at 12:00pm Redmond Neck wrote on Feb 26th, 2022 at 11:55am:
Germany and Italy have refused to implement the removal of SWIFT as they rely too much on Russian gas and oil. Looks like Putin has a green light to attack Ukraine. |
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Title: Re: Sanctions against Russia not working - SWIFT Post by Bobby. on Feb 26th, 2022 at 12:04pm
Looks like France will help out with SWIFT ?
https://edition.cnn.com/europe/live-news/ukraine-russia-news-02-25-22/index.html 43 min ago Zelensky says France's Macron supports the removal of Russia from SWIFT global banking system From CNN's Tim Lister Ukrainian President Volodymyr Zelensky says he has continued holding calls with foreign leaders into the early hours of Saturday morning local time. Zelensky shared the update via his official Twitter account, offering specifics about a call he held with French President Emmanuel Macron. "I must say that he is a true friend of Ukraine. France with us in the most difficult moments. The disconnection (of Russia) from SWIFT and the imposing of personal sanctions against Putin as well as the provision of defense weapons were supported. Merci la France," the post read. There has been prolonged debate among western governments as to whether Russia should be excluded from SWIFT, a system that enables international financial payments Zelensky said he had also spoken with Polish President Andrzej Duda. |
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Title: Re: Sanctions against Russia not working - SWIFT Post by athos on Feb 26th, 2022 at 12:14pm Bobby. wrote on Feb 26th, 2022 at 12:00pm:
笨鬼楼 ;D |
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Title: Re: Sanctions against Russia not working - SWIFT Post by Redmond Neck on Feb 26th, 2022 at 12:15pm Bobby. wrote on Feb 26th, 2022 at 12:04pm:
The trouble is they have to be all in on banning Russia on SWIFT and the US is against doing that at this stage. |
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Title: Re: Sanctions against Russia not working - SWIFT Post by Jim Lahey on Feb 26th, 2022 at 12:42pm
LOL the CCP shills are really making their scrilla today
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Title: Re: Sanctions against Russia not working - SWIFT Post by athos on Feb 26th, 2022 at 12:45pm
WHY does America invade other countries?
The answer is not that American ruling class is interested in spreading freedom and democracy throughout the world. Anyone who believes that explanation is either politically stupid or lying. The real answer is because, as the leading Capitalist country, it has to expand its power to exploit resources and maximise its profits. The main Capitalist activity in the US is war based production. Therefore, why not kill two birds with one stone: Produce to destroy, which is the ideal answer to over production, (one of the biggest problems with Capitalism) and secondly, expand for more resources and stop any other capitalist country from becoming dominant. These are the reasons why certain countries are targets e.g. Iraq, Venezuela, Libya, Afghanistan etc. and other countries, who are dependant on the USA, left out of attack, Saudi Arabia, Israel, Burma, etc, all of which do not have ‘Democracy’ but are ‘friends’ of the US. China is the new up and coming Capitalist country therefore is in the firing line. Russia also is not accepting the US as the ‘master’ and therefore is also in the firing line. The US has invaded and or manipulated over 70 countries since the end of WW2 in its ruthless drive for the maximization of profit and in the process killed millions of civilians, men, woman and children. So much for freedom and democracy!" |
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Title: Re: Sanctions against Russia not working - SWIFT Post by Jim Lahey on Feb 26th, 2022 at 12:47pm
Why does the CCP kill its own people?
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Title: Re: Sanctions against Russia not working - SWIFT Post by Bobby. on Feb 27th, 2022 at 8:07pm
This might explain it:
https://edition.cnn.com/2022/02/26/economy/russia-economic-power-sanctions/index.html The sanctions announced this week on Russia included carve outs for its energy industry. Lipsky argues if the West were to ban Russia's energy exports, it would drive up energy prices in a way which would benefit the Russian economy rather than hurt it. He said Russia would find other buyers for its energy, such as in China, and it would have more cash coming in, not less. "Yes, a ban on energy exports would feel like an extreme measure," he said. "But would it actually have the desired effect?" Right now European countries, which are far more dependent on Russian oil and natural gas, are not willing to take that step, said Gary Clyde Hufauer, senior fellow at the Peterson Institute of International Economics, an advocate of tougher measures against Russia's energy exports. "Europe would have had to resort to price controls and rationing," he said. "That would be very unpopular. They weren't willing to pay the price." |
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Title: Re: Sanctions against Russia not working - SWIFT Post by Bobby. on Feb 27th, 2022 at 8:22pm
Putin is following the same playbook as Hitler.
It’s suicidal – it can’t end well unless he is stopped very soon. Apart from that – wars are so different now due to technology. See the Javelin missile here: https://www.youtube.com/watch?v=6COKC5ZU6gM They cost US $180,000 each but they can take out any tank. So it doesn’t matter if Putin has 12,000 tanks if the Ukrainians have 12,000 Javelins - those tanks will be wiped out. The Ukrainians already have at least 1,000 Javelins and they know how to use them – they have received proper training. The UK is sending more and so is NATO. |
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Title: Re: Sanctions against Russia not working - SWIFT Post by Captain Nemo on Feb 28th, 2022 at 10:54am |
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