What will happen now that Russia is banned from SWIFT? What does it all mean? What is SWIFT? I explain!
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Timestamps:
0:00 - Start Here
0:26 - A Note from Editing
0:49 - Format
1:12 - What is SWIFT?
2:06 - Why RU wasn't initially banned
3:11 - Initial Hesitations & Factors
4:07 - What It Will Mean For Us
4:53 - The "Alternative Payment System"
5:56 - What Happens Now?
6:50 - A Precedent from The Past
7:50 - Conclusion & How to Help
Articles Referenced today:
https://www.cnbc.com/2022/02/26/eu-uk...
https://www.nytimes.com/2022/02/24/bu...
https://www.cnn.com/2022/02/25/busine...
https://www.economist.com/the-economi...
https://www.axios.com/swift-russia-uk...
https://twitter.com/jimsciutto/status...
https://en.wikipedia.org/wiki/SWIFT
https://en.wikipedia.org/wiki/SPFS
https://www.msn.com/en-gb/news/world/...
https://www.fxstreet.com/news/german-...
https://tradingeconomics.com/russia/e...
https://www.ft.com/content/e195353f-0...
https://www.cbc.ca/news/world/swift-s...
https://www.thenationalnews.com/busin...
https://www.reuters.com/world/middle-...
🐪 My Free Newsletter ➭ https://humpdays.substack.com
👾 Join the Discord Community ➭ https://discord.gg/Gqsmqba
Donate to support Ukraine here: https://savelife.in.ua/en/donate/
Donate Crypto: https://twitter.com/Ukraine/status/14...
Timestamps:
0:00 - Start Here
0:26 - A Note from Editing
0:49 - Format
1:12 - What is SWIFT?
2:06 - Why RU wasn't initially banned
3:11 - Initial Hesitations & Factors
4:07 - What It Will Mean For Us
4:53 - The "Alternative Payment System"
5:56 - What Happens Now?
6:50 - A Precedent from The Past
7:50 - Conclusion & How to Help
Articles Referenced today:
https://www.cnbc.com/2022/02/26/eu-uk...
https://www.nytimes.com/2022/02/24/bu...
https://www.cnn.com/2022/02/25/busine...
https://www.economist.com/the-economi...
https://www.axios.com/swift-russia-uk...
https://twitter.com/jimsciutto/status...
https://en.wikipedia.org/wiki/SWIFT
https://en.wikipedia.org/wiki/SPFS
https://www.msn.com/en-gb/news/world/...
https://www.fxstreet.com/news/german-...
https://tradingeconomics.com/russia/e...
https://www.ft.com/content/e195353f-0...
https://www.cbc.ca/news/world/swift-s...
https://www.thenationalnews.com/busin...
https://www.reuters.com/world/middle-...
🐪 My Free Newsletter ➭ https://humpdays.substack.com
👾 Join the Discord Community ➭ https://discord.gg/Gqsmqba
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Francisco Gimeno - BC Analyst What may happened when Russia gets out from SWIFT, economically and also in other fields? This is a complicated issue, but hugely important as it is the interbank's messaging system interbank not only for individuals, but for any funds being moved. Sanctions for Rusia don't include all Banks, as Western Europe needs to pay or buy for their energy from Russia. But even if it is not a complete cut, it's a huge move. It means russia will go to alternative solutions, like the one being promoted by China, or creating another one, or just deal with crypto, why not? Let's not forget that Russia is not just exporting energy, but lots of minerals and agricultural commodities. This is an economic earthquake.