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Despite what people think kicking Russia from swift is not good. This means that lots of companies who sold to Russia will not get paid. Europe will also jave p
by rvba 5y ago
Despite what people think kicking Russia from swift is not good. This means that lots of companies who sold to Russia will not get paid. Europe will also jave problems to pay for gas: paying with gold is a bad idea. Oligarchs will buy from Chinese resellers.
Abetter option would be go ban companies from doing business in Russia.
Bankrupting European and US comapnies that sold to Russia (and now wait for money) wont help.
Also banning fron swoft means that the big companies will still find ways to trade. Trade with them is not forbidden. I can easly see them asking to send money to some third party bank (China, North Korea) who will act as an intermediary.
- JumpCrisscross 5y ago> Bankrupting European and US comapnies that sold to Russia (and now wait for money) won't help Why? They're culpable. I'm going to lose money on my investments in Russia. Shame on me.
- rvba 5y agoIf you sell lipstick or Gucci bags to Russia you probably get paid 30-90 days after delivery. Same for iphones or cars. Even if you sell Steam games it might take few days until you receive the money (assuming you dont park it in Russia for tax reasons). An Iran style ban on sales is much better than this SWIFT blockade.
- JumpCrisscross 5y ago> An Iran style ban on sales is much better than this SWIFT blockade I’m advocating for placing the Russian central bank on the SDN list. Hell of a lot more than either. We could tolerate rations against the Nazis but can’t stomach a few months of invoices lost?
- JumpCrisscross 5y agoWOOP! We got it!