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So you're worried about Russia (already a strong ally of China) will ally with China? You're worried that Russia (having spent the last decade trying to decoupl
by scoopertrooper 5y ago
So you're worried about Russia (already a strong ally of China) will ally with China? You're worried that Russia (having spent the last decade trying to decouple itself from the dollar) will try and decouple itself from the dollar?
Russia is marauding about Ukraine and people are arguing against doing the bare minimum because they're worried Russia will change payment systems. Russia has already built their own alternative to SWIFT and will eventually switch to it regardless.
- stevofolife 5y ago> Russia has already built their own alternative to SWIFT and will eventually switch to it regardless. What's the alternative? Any source(s)?
- maccolgan 5y agoCIPS & SPFS. TBH, anything that stops the blatant abuse of international systems for political goals by the hegemony looks good for me.
- scoopertrooper 5y agoRussia is embarking on a war of territorial aggression against its weaker neighbour in an effort to establish its own regional hegemony (see: Eurasian Economic Union and Commonwealth of Independent States). But no, you’re right, the real injustice here is locking Russia out of SWIFT.