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>Now stop buying Russian oil. This is precisely what will happen. How do you buy russian oil if you cannot transfer money to Russia? That's what SWIFT removal
by ukraineally 5y ago
>Now stop buying Russian oil.
This is precisely what will happen. How do you buy russian oil if you cannot transfer money to Russia?
That's what SWIFT removal does. Effectively means Russia cannot import or export anything. China has made 1 exception, they will still import russian wheat and that's it.
- einrealist 5y agoOil and gas payments are not affected by blacklisting the already sanctioned banks in Swift.
- baq 5y agoa boatload of gucci moccasins and german luxury cars for a tanker full of crude, obviously.
- throwthere 5y ago> China has made 1 exception, they will still import russian wheat and that's it. Are you saying China won't import Russian oil?
- batterseapower 5y agoTheoretically possibly by bartering for oil. The EU already has such a mechanism in place for buying oil from Iran: https://en.wikipedia.org/wiki/Instrument_in_Support_of_Trade_Exchanges https://en.wikipedia.org/wiki/Instrument_in_Support_of_Trade...