4 ms·
I feel that blocking Russia from SWIFT would be quite ballsy on the part of the EU, but ultimately Russia and its partners won't need SWIFT. With the developmen
by throwaway000002 12y ago
I feel that blocking Russia from SWIFT would be quite ballsy on the part of the EU, but ultimately Russia and its partners won't need SWIFT. With the development of the BRICS Bank [1], this eventuality is inevitable. Does it happen now, with some pain, or later is the question. But Putin is really testing the resolve of the West. Personally, if China and Russia develop serious business dealings we'll all be in for trouble, as it'll pull China into any conflict, and quite frankly all China wants to do is business while autocratically ruling its (large) corner of the globe. The gambit now is weighing the possibility of strong economic ties between China and Russia, and the longevity of Putin's leadership.
Overall, this conflict in Ukraine is really bad news. MH15 was only the tip of the iceberg. I personally feel it should be handled firmly and swiftly, before it escalates any further, because, quite frankly, what amount of territory is "enough" for Russia/the separatists.
[1] https://en.m.wikipedia.org/wiki/BRICS_Bank https://en.m.wikipedia.org/wiki/BRICS_Bank