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I'm reasonably sure that the point is not to make Russia use Telex instead of SWIFT. The point is to stop Russia from transacting in dollars.
by treis 5y ago
I'm reasonably sure that the point is not to make Russia use Telex instead of SWIFT. The point is to stop Russia from transacting in dollars.
- JumpCrisscross 5y ago> the point is not to make Russia use Telex instead of SWIFT I believe it is. Nobody is threatening sanctioning Russia's energy sector à la Iran.
- treis 5y agoI'm reasonably sure that those calling for Russia's ban from SWIFT are doing so precisely for that reason. They may not understand that banning them for SWIFT doesn't exactly accomplish that, but that's the motivation for the call.
- JumpCrisscross 5y ago> may not understand that banning them for SWIFT doesn't exactly accomplish that There are numerous workarounds. Most involve Russia submitting to China. Given how unpredictable Putin’s become, that’s preferable to them being a regional power.