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Only some Russian banks have been cut off from SWIFT, not all, and their currency has only dropped 30% or so, which is far from being “worth nothing”. Yes, Rus
by School-Cotton 5y ago
Only some Russian banks have been cut off from SWIFT, not all, and their currency has only dropped 30% or so, which is far from being “worth nothing”.
Yes, Russia’s economy is being severely crippled. But you exaggerate the extent significantly.
- gruturo 5y agoExactly zero russian banks have been cut off from SWIFT so far. The cut will only happen on March 12th. Source: SWIFT itself. https://www.swift.com/news-events/news/message-swift-community https://www.swift.com/news-events/news/message-swift-communi...
- School-Cotton 5y agoIndeed. So I should have said only some Russian banks are even going to be cut off from SWIFT (at least as far as we know now).