U.S., allies agree to limit Russia's access to SWIFT banking system

[poweRob]

Putin is getting ****ed six ways to Sunday. NATO is kicking his ass without even setting foot in country. It makes me think that more pressures like this will result in Pooty's ouster from inside.

U.S., allies agree to limit Russia's access to SWIFT banking system

Some U.S. allies in Europe had been reluctant to include SWIFT as part of the sanctions against Russia since their economies are more closely tied.

www.nbcnews.com

 

[PirateMk1]

Putin is getting ****ed six ways to Sunday. NATO is kicking his ass without even setting foot in country. It makes me think that more pressures like this will result in Pooty's ouster from inside.

U.S., allies agree to limit Russia's access to SWIFT banking system

Some U.S. allies in Europe had been reluctant to include SWIFT as part of the sanctions against Russia since their economies are more closely tied.

www.nbcnews.com

That may not work as intended, especially with China supporting Russia. The American petro dollar may end up being destroyed. In which case we are seriously ****ed as we will no longer have the reserve currency of the world.

 

[Moon]

“Selected banks”…sounds like there may be some opportunities to work around the restrictions.

 

[poweRob]

That may not work as intended, especially with China supporting Russia. The American petro dollar may end up being destroyed. In which case we are seriously ****ed as we will no longer have the reserve currency of the world.

China isn't supporting russia. They came out and said that Ukraine is a soveriegn nation.

 

[phoenix2020]

“Selected banks”…sounds like there may be some opportunities to work around the restrictions.

If I understand correctly, most Russian banks switched to SPFS for transactions within the nation in the last few years, so the internal economy should be largely unaffected. Obviously most trade with China is on CIPS now with no Dollar involvement. So, by and large, while I think it’s a good message I would be surprised if it has much effect beyond giving Europe a natural gas supply problem it will need to figure out.

 

[phoenix2020]

China isn't supporting russia. They came out and said that Ukraine is a soveriegn nation.

In their words, China is saying… everything. That Ukraine is a sovereign nation. That NATO and the US drove Russia to this point. That everyone should just relax. Etc.

In actions they established several very large trade commitments with Russia over the last six days.

They are absolutely supporting Russia by taking deliberate action to offset the impact of sanctions while waxing poetic about Ukrainian sovereignty.

 

[Moon]

If I understand correctly, most Russian banks switched to SPFS for transactions within the nation in the last few years, so the internal economy should be largely unaffected. Obviously most trade with China is on CIPS now with no Dollar involvement. So, by and large, while I think it’s a good message I would be surprised if it has much effect beyond giving Europe a natural gas supply problem it will need to figure out.

Very possible. My takeaway from the phrasing is that not all banks using SWIFT are being removed from the system. I didn’t see any further clarification in the article.

 

[PirateMk1]

China isn't supporting russia. They came out and said that Ukraine is a soveriegn nation.

They are, don't assume otherwise. The two nations are collaborating and have been for some time. I expect that if Russia can secure the taking of Ukraine then Taiwan is going to be next and sooner rather than later.

 

[Moon]

China isn't supporting russia. They came out and said that Ukraine is a soveriegn nation.

China passed US intel on Ukraine to Russia. I’d say that qualifies as supporting them. Their public statements don’t mean much.

 

[BlueTex]

If I understand correctly, most Russian banks switched to SPFS for transactions within the nation in the last few years, so the internal economy should be largely unaffected. Obviously most trade with China is on CIPS now with no Dollar involvement. So, by and large, while I think it’s a good message I would be surprised if it has much effect beyond giving Europe a natural gas supply problem it will need to figure out.

 

[phoenix2020]

To those who believe Chinese neutrality,

Exhibit A, just before the invasion. (Sorry for the Fox News link, I picked the first one that shows)

Russia, China agree new coal deal for 100 million ton supply: state media

A former defense official previously told Fox News Digital that Russia and China's energy relationship could provide economic relief in the event of US sanctions.

www.foxnews.com

Exhibit B: just recently… using a CNN link now to offset the bias claims

China lifts restrictions on Russian wheat imports | CNN Business

China has relaxed restrictions on imports of Russian wheat, a move that could address food security concerns in the world's second largest economy and ease the impact of Western sanctions on Russia.

edition.cnn.com

 

[poweRob]

They are, don't assume otherwise. The two nations are collaborating and have been for some time. I expect that if Russia can secure the taking of Ukraine then Taiwan is going to be next and sooner rather than later.

China would be making a severe mistake by spurnning the US for Russia. Both are economies are intertwined very much but we can rediret our supply chain much more easily than they can turn russia into a purchaser of their supplies in the numbers we provide.

 

[phoenix2020]

Thanks. That’s interesting.

 

[poweRob]

They are, don't assume otherwise. The two nations are collaborating and have been for some time. I expect that if Russia can secure the taking of Ukraine then Taiwan is going to be next and sooner rather than later.

Yeah they are already testing those waters. Unfortunately, polling in Taiwan as of late is not that opposed to it.

 

[poweRob]

China passed US intel on Ukraine to Russia.

Are you serious? JFC. Gotta link?

I’d say that qualifies as supporting them. Their public statements don’t mean much.

Well they made that public statement right after Putin was pushing that Ukraine wasn't a real country. That is why I picked up on it as being rather important.

 

[poweRob]

To those who believe Chinese neutrality,

Exhibit A, just before the invasion. (Sorry for the Fox News link, I picked the first one that shows)

Russia, China agree new coal deal for 100 million ton supply: state media

A former defense official previously told Fox News Digital that Russia and China's energy relationship could provide economic relief in the event of US sanctions.

www.foxnews.com

Exhibit B: just recently… using a CNN link now to offset the bias claims

China lifts restrictions on Russian wheat imports | CNN Business

China has relaxed restrictions on imports of Russian wheat, a move that could address food security concerns in the world's second largest economy and ease the impact of Western sanctions on Russia.

edition.cnn.com

Well the people aren't really the problem. They are protesting in masse so I'm hoping these banking slow-downs might make it to where Russia's crashing economy will piss off the people enough to overturn putin's regime from within. Especially if they aren't rallying to putin's war and reject that nationalistic move.

 

[phoenix2020]

China would be making a severe mistake by spurnning the US for Russia. Both are economies are intertwined very much but we can rediret our supply chain much more easily than they can turn russia into a purchaser of their supplies in the numbers we provide.

LOL and what, tell Americans that they’ll have to go without smartphones and TVs and basic supplies? China has us over a barrel. Our economy and quality of life depend on China and they know we won’t risk it. And we know that China is far more resilient as a people that we are: they literally lock down millions to stop COVID while we can’t even get on the same page about social distancing and masks. Xi could tell the Chinese population that they’ll have to suffer for the greater good of China due to a trade war with the US and 90%+ of them would hunker down. But if Americans were told that they might have to go without cheap toys for kids at Walmart, there would be chaos everywhere.

We know this, so we will tread lightly on penalizing China for its economic support of Russia, because they’re ready and willing to pull the trigger on us, as a culture, and we’re not willing to absorb the pain—as a culture. And China knows this, so they will support Russia however they please while occasionally saying nice things about Ukraine’s sovereignty.

 

[poweRob]

LOL and what, tell Americans that they’ll have to go without smartphones and TVs and basic supplies? China has us over a barrel. Our economy and quality of life depend on China and they know we won’t risk it. And we know that China is far more resilient as a people that we are: they literally lock down millions to stop COVID while we can’t even get on the same page about social distancing and masks. Xi could tell the Chinese population that they’ll have to suffer for the greater good of China due to a trade war with the US and 90%+ of them would hunker down. But if Americans were told that they might have to go without cheap toys for kids at Walmart, there would be chaos everywhere.

I disagree. If you want an economic war between us and China, I think our country would more than welcome goverment support sector by sector in bringing such manufacturing back here. In the interim, our GDP goes up, China's GDP goes down.

 

[phoenix2020]

Well the people aren't really the problem. They are protesting in masse so I'm hoping these banking slow-downs might make it to where Russia's crashing economy will piss off the people enough to overturn putin's regime from within. Especially if they aren't rallying to putin's war and reject that nationalistic move.

I hope so too. I just don’t think there will be that many slowdowns.

 

[yankintx]

That may not work as intended, especially with China supporting Russia. The American petro dollar may end up being destroyed. In which case we are seriously ****ed as we will no longer have the reserve currency of the world.

Can you provide a cite to support your comment on China supporting Russia?

I have seen zero on this.

 

[poweRob]

I hope so too. I just don’t think there will be that many slowdowns.

Russian economy was already collapsing so perhaps, that economic push won't even need the help to rally the people against him.

 

[Moon]

Are you serious? JFC. Gotta link?

Well they made that public statement right after Putin was pushing that Ukraine wasn't a real country. That is why I picked up on it as being rather important.

Report: China told Russia about U.S. intel on invasion

U.S. officials tried half a dozen times to get China to help head off a Russian invasion of Ukraine.

www.axios.com

 

[poweRob]

Report: China told Russia about U.S. intel on invasion

U.S. officials tried half a dozen times to get China to help head off a Russian invasion of Ukraine.

www.axios.com

Thanks man.

Son of a ****ing bitch.

Now is the time for legislation called "US Manufacturing reintegration" and just pick the most pertinent sectors of our economy that are most vital where we import from China and give domestic companies massive tax breaks that pick up that manufacturing slack here in our borders or at the very least within NAFTA.

 

[Gateman_Wen]

That may not work as intended, especially with China supporting Russia. The American petro dollar may end up being destroyed. In which case we are seriously ****ed as we will no longer have the reserve currency of the world.

China is not supporting Russia.

China so far not helping Russia evade Western sanctions-U.S. official

China so far does not appear to be helping Russia evade Western financial sanctions on Moscow over its invasion of Ukraine, but doing so would "do profound damage" to China's reputation, a senior Biden Administration official said on Saturday.

www.reuters.com

 

[poweRob]

Boom!

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