I'm sorry, but maybe my family and I will die tomorrow if the world does nothing, so
Ban Russia from SWIFT! Protect Ukrainian Sky! Send NATO to Ukraine! #BanRussiafromSwift #CloseTheSky #SendNatoToUkraine
you can ban me if you think it's necessary!!!
You can thank Germany for blocking the removal of Russia from the SWIFT payment system
And US and its Allies are scared that Russia might seek alternative payment system from China which would make the US loose its position as the leader of International Interbank Transaction.
BS. There will be virtually no impact on Europe.
They should stop buying oil and gas from the Soviet regime anyway.
Won't that cause an increase in oil prices in Europe though? Russia is one of the largest exporters of CNG, while Europe also imports oil, at a decent percentage. The war itself already skyrocketed oil and gas prices, however, wouldn't these sanctions lead to a further increase in prices, in the near future?
Talking about the financial repercussions is the least important thing when people are literally dying, however, it was a question I wanted to ask, since Russia is one of the largest exporters in that industry.