O dear. The USA is trying to punish Russia for the USA destabilization of the Ukraine. one way is to isolate Russia economically, and one specific way is to cut Russia out of SWIFT, the Society for World Interbank Funds Transfer.
But Russia's increase in world trade, in spite of the USA sanction on Russia for USA destabilizing the Ukraine, has earned Russia a seat on the board.
Feel free to forward this by email to three of your friends.
But Russia's increase in world trade, in spite of the USA sanction on Russia for USA destabilizing the Ukraine, has earned Russia a seat on the board.
Increased banking traffic means Russia now has a seat on the board of the SWIFT global interbank communications system. The seat comes at a time of increased pressure for Russia to be removed from the organization because of sanctions.In response to the sanctions, Russia joined other countries that are targets of USA destabilization in forming an alternative.
At the end of last year, the Central Bank of Russia (CBR) launched an alternative to SWIFT for domestic payments which was a part of a broader move to get away from Western financial dominance. The new service allows credit institutions to transmit messages in a SWIFT format through the Central Bank to all Russia’s regions without restrictions.So the Russians will have their cake and eat it too. The Bible notes our leaders will be remarkably stupid so we never feel they are in charge.
Feel free to forward this by email to three of your friends.
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