Quote from: willoweb on February 24, 2022, 03:00:00 PM

I fully agree with the thesis of the author. The number and volume of transactions in bitcoins from Russia will grow, SWIFT may be turned off and this will even cause problems for the financial system of the Russian Federation. But this topic has been discussed for quite a long time and it will not come as a surprise. In addition, there is the factor of losing an "important client". After all, there is a huge amount of money. Why waste this money because of Ukraine? I am sure that this will not happen in any case until Russia is at war with the North Atlantic Alliance.

The civilized world is quite actively isolating Russia from the outside world for its military aggression against Ukraine. In his speech, Biden said that although Russia will not yet be disconnected from the SWIFT payment system due to the disagreement of some countries, the economic sanctions imposed will cause even more damage than this disconnection. All settlements in dollars, euros, yen, pound sterling are prohibited for Russia, the most powerful sanctions have been imposed on the largest banks in Russia. Soon we will be able to see and evaluate this in practice. In Russia, even bankers no longer know how the banking system will continue to work. There were mostly only exaggerated talks about their payment system, it will take some more time to launch it. By the time it is launched, Russia will already be bankrupt.
Against this background, the two largest banks in China are already significantly limiting settlements and transactions with Russia. They will be produced on a case-by-case basis with the permission of the country's top leadership and only in yuan. Hopes that China would remain Russia's main ally after the sanctions were imposed did not materialize. China also refuses Russian oil due to the uncertainty of financial calculations.