U.S. Contemplating Isolating Russia from SWIFT Banking System

[timerland]

I wonder whether this will lead to greater adoption of blockchain technology and CBDCs sooner within Russia.

Given that they already had CBDCs in development, this should speed up the rollout of these technologies for sure.

I don't think that this ban would actually happen though. There would be too many businesses in Russia exporting to the U.S. affected for it to be worthwhile.

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[cabron]

~

What you are saying is that Putin is lying in the media channels saying Russia doesn't want war.  Like this video?

If Ukraine will allow the US to set up a military base in Ukraine near the borders of Russia which is likely possible, this will lead to a real war. It's your country that will be ruined with such kind of action. It has to stop to avoid conflict otherwise another country will fail. The US will be there for war not building a nation just as how Biden said in Afghanistan.

Well, let's go back to reality and look at this problem in chronological order? In 2014, Ukrainians only wanted to choose a pro-European vector of development. No NATO, no missiles, nothing. But Russia just took the annexed Crimea and partly captured the Donetsk and Lugansk regions. What rockets? What is the threat?
The only threat to Russia is if, next to one of the republics from the former USSR, it suddenly starts to live well and with high quality !!! This will be the end of Russia itself, since the population of this so-called "great country" has lived all their lives as residents of a third world country. And if they suddenly realize that even a country like Ukraine, which does not have "the natural resources of the whole world" like Russia, can prosper, it will simply destroy this power of thieves and criminals. No, Putin is not afraid of missiles, not of missiles ...

Didn't Ukraine president Yanukovych have a negotiation between them that the port of Crimea is now controlled by Russia which up to 2042?
After some militants in those areas and minorities including the Russian-speaking Ukrainians there that turned that region into a war zone which is why Russian steps in to make it peaceful.

If Ukraine wants to turn that region into a bigger warzone like your whole country, be a member of NATO and you will see what's left for the country. It's never worth bringing a 3rd party that will take everything instead because after all both country was part of the USSR and your NAVY shares that Crimea sea.

[Ozero]

~

What you are saying is that Putin is lying in the media channels saying Russia doesn't want war.  Like this video?

If Ukraine will allow the US to set up a military base in Ukraine near the borders of Russia which is likely possible, this will lead to a real war. It's your country that will be ruined with such kind of action. It has to stop to avoid conflict otherwise another country will fail. The US will be there for war not building a nation just as how Biden said in Afghanistan.

Well, let's go back to reality and look at this problem in chronological order? In 2014, Ukrainians only wanted to choose a pro-European vector of development. No NATO, no missiles, nothing. But Russia just took the annexed Crimea and partly captured the Donetsk and Lugansk regions. What rockets? What is the threat?
The only threat to Russia is if, next to one of the republics from the former USSR, it suddenly starts to live well and with high quality !!! This will be the end of Russia itself, since the population of this so-called "great country" has lived all their lives as residents of a third world country. And if they suddenly realize that even a country like Ukraine, which does not have "the natural resources of the whole world" like Russia, can prosper, it will simply destroy this power of thieves and criminals. No, Putin is not afraid of missiles, not of missiles ...

Didn't Ukraine president Yanukovych have a negotiation between them that the port of Crimea is now controlled by Russia which up to 2042?
After some militants in those areas and minorities including the Russian-speaking Ukrainians there that turned that region into a war zone which is why Russian steps in to make it peaceful.

If Ukraine wants to turn that region into a bigger warzone like your whole country, be a member of NATO and you will see what's left for the country. It's never worth bringing a 3rd party that will take everything instead because after all both country was part of the USSR and your NAVY shares that Crimea sea.

Under President Yanukovych, the lease agreement was only extended to the Russians until the specified year of the base of their Black Sea fleet near Sevastopol. Crimea is a very large peninsula and it was under the jurisdiction of Ukraine.
Before the invasion of Russian troops into Crimea and its occupation by Russia, the inhabitants of Crimea lived there absolutely peacefully. What action movies are you talking about? You completely distort reality. Even after the capture of Crimea by Russia, a relatively peaceful life continues to this day, but the Russian authorities are engaged in the forced russification of the peninsula, oppressing and repressing the indigenous people, the Crimean Tatars, and resettling millions of Russians there.
Now the occupied Crimea peninsula is being turned by Russia into a military base with nuclear weapons.

[Hydrogen]

Russia has been threatened with being disconnected from SWIFT for many years. Even before economic sanctions were imposed. As a result russia has spent many years preparing for SWIFT disconnection.

Recently russia has taken steps to isolate its internet connectivity from the rest of the world. They filed lawsuits against twitter claiming it supports immoral content as a justification for blocking russians from using it. Russia appears to be cutting itself off from the rest of the world, under a policy of isolationism. Disconnection from SWIFT would merely be the latest in a long series of steps which russia has taken in this direction.

As far as I know, russia is similar to north korea in that it does not cooperate with international law enforcement in capturing or extraditing cyber criminals. If that is true, then russia being limited from communicating with certain outside networks could help to reduce internet based crime. Although, if russia's approach resembles the great firewall of china, perhaps these measures will be soft enough to be breached by VPNs and other well publicized methods.

[mindrust]

The US is digging its own grave with these moves. Soon there will be more countries that don't use SWIFT than that use it. Then those countries will have to agree on some other system. I am not sure if it is going to be based on crypto though. They will probably choose gold but I can't be really sure. Of course that is if, the US keeps banning other countries. Right now the situation isn't that bad but banning Russia would speed up the process a lot.

[hatshepsut93]

Soon there will be more countries that don't use SWIFT than that use it.

Not true, there's actually very little countries that don't have banks that are connected to SWIFT, like North Korea. Even some Iranian banks are still connected to SWIFT. And majority of the world doesn't care if someone gets sanctioned as long as it doesn't affect their own economy.

Russia has shown several acts of aggression towards the people of Ukraine. Most notably the cyberattacks on Ukraine's power grid. Many think this was just a "practice run" aimed at perfecting these kinds of attacks for when they want to do some real damage.

In response to Russia's more recent actions, the United States proposed cutting Russia off from the SWIFT banking system should they mount any type of invasion on Ukraine. This would be detrimental to Russian businesses and consumers alike.

This is incorrect. Russia is waging a hybrid war on Ukraine since 2014, and they continue sending their weapons, supplies and personnel to fuel conflict in two regions of Eastern Ukraine. So some cyber attacks are really just a tip of the iceberg.

Second, the US is proposing to disconnect Russia from SWIFT in case it launches full scale invasion against Ukraine. This has been brought up because Russia is currently building up troops near Ukrainian borders. The US is not going to do it because of some "recent actions".

[sana54210]

Under President Yanukovych, the lease agreement was only extended to the Russians until the specified year of the base of their Black Sea fleet near Sevastopol. Crimea is a very large peninsula and it was under the jurisdiction of Ukraine.
Before the invasion of Russian troops into Crimea and its occupation by Russia, the inhabitants of Crimea lived there absolutely peacefully. What action movies are you talking about? You completely distort reality. Even after the capture of Crimea by Russia, a relatively peaceful life continues to this day, but the Russian authorities are engaged in the forced russification of the peninsula, oppressing and repressing the indigenous people, the Crimean Tatars, and resettling millions of Russians there.
Now the occupied Crimea peninsula is being turned by Russia into a military base with nuclear weapons.

There will ALWAYS be people who will support Russia, it could be Russians, it could be people from old soviet lands that are not Russia, it could be leftists from other nations who want to support Russia against USA, and many other types.

The reality is that if you read what happened, you will see what the reality is, do not be kidding yourself thinking that you are the one who see the whole truth in everything neither because you and I know that Russia is the cause of all the trouble there, but we do not know what happened in some other nation, we do not have enough knowledge about every single thing all around the world. So even though we are right about this and cabron is very wrong, we are probably as wrong about something else as him.

[DrBeer]

I see this whole situation as a war between the West and the East in which on the one hand we have the US + UK and all their vassals, and on the other hand the eternal enemies of the West led by Russia, China, Iran and some smaller countries that favor them. However, I do not believe that there can be a real war between these alliances, because the balance of power is such that no one could expect victory - and the costs of such a war would be huge, at a time when the world is suffering from the economic consequences of a pandemic.

In the end, it all comes down to how much money you will invest, and what you can get out of it all - for the US and more than certainly, war is not an option, because as Putin said at his big press conference a few days ago, it is impossible to defeat Russia by military means, but only by some kind of internal political war.

Ukraine has unfortunately found itself between the interests of the West and the East, and Putin has been more than clear that he will not allow NATO expansion to the east - while the West has made it clear that it will not act militarily in the event of an attack. The point is more than clear, Russia can conquer all of Ukraine and most of Europe before Western gentlemen agree on whether NATO should act or not. Like it or not, the EU relies heavily on US help, and the question is whether Americans will die again, as was the case in WW2.

Economic sanctions are something that Russia can live with, especially with the help of China and Iran and some other countries. This is not their first or last time in such a situation.

I agree. This is not the first time. The first time it was with the USSR, after he sent troops to Afghanistan. Then, for the first time, sanctions were introduced against the USSR. In 1979 it began. In 1991, the USSR collapsed like a house of cards. The reason is the complete degradation of the resource, technologically backward, economy. Neither the largest army, nor nuclear weapons, nor the largest army of tanks - nothing came in handy or saved. The picture is completely identical now. Russia in 2014 - the introduction of troops into Ukraine. Sanctions are introduced. The economy begins to collapse, the budget tends to zero, and tension grows inside. The picture is identical. It will not be long. Most likely, Russia will start a new wave of hostilities against Ukraine. This will be the answer to the West - "since you do not accept our ultimatums, now, we will screw up right here!" But this will be the last war unleashed by Russia, because. this will catalyze its collapse.

[cabron]

~

What you are saying is that Putin is lying in the media channels saying Russia doesn't want war.  Like this video?

If Ukraine will allow the US to set up a military base in Ukraine near the borders of Russia which is likely possible, this will lead to a real war. It's your country that will be ruined with such kind of action. It has to stop to avoid conflict otherwise another country will fail. The US will be there for war not building a nation just as how Biden said in Afghanistan.

Well, let's go back to reality and look at this problem in chronological order? In 2014, Ukrainians only wanted to choose a pro-European vector of development. No NATO, no missiles, nothing. But Russia just took the annexed Crimea and partly captured the Donetsk and Lugansk regions. What rockets? What is the threat?
The only threat to Russia is if, next to one of the republics from the former USSR, it suddenly starts to live well and with high quality !!! This will be the end of Russia itself, since the population of this so-called "great country" has lived all their lives as residents of a third world country. And if they suddenly realize that even a country like Ukraine, which does not have "the natural resources of the whole world" like Russia, can prosper, it will simply destroy this power of thieves and criminals. No, Putin is not afraid of missiles, not of missiles ...

Didn't Ukraine president Yanukovych have a negotiation between them that the port of Crimea is now controlled by Russia which up to 2042?
After some militants in those areas and minorities including the Russian-speaking Ukrainians there that turned that region into a war zone which is why Russian steps in to make it peaceful.

If Ukraine wants to turn that region into a bigger warzone like your whole country, be a member of NATO and you will see what's left for the country. It's never worth bringing a 3rd party that will take everything instead because after all both country was part of the USSR and your NAVY shares that Crimea sea.

Under President Yanukovych, the lease agreement was only extended to the Russians until the specified year of the base of their Black Sea fleet near Sevastopol. Crimea is a very large peninsula and it was under the jurisdiction of Ukraine.
Before the invasion of Russian troops into Crimea and its occupation by Russia, the inhabitants of Crimea lived there absolutely peacefully. What action movies are you talking about? You completely distort reality. Even after the capture of Crimea by Russia, a relatively peaceful life continues to this day, but the Russian authorities are engaged in the forced russification of the peninsula, oppressing and repressing the indigenous people, the Crimean Tatars, and resettling millions of Russians there.
Now the occupied Crimea peninsula is being turned by Russia into a military base with nuclear weapons.

I may have learned the news from somewhere which both parties have their own version of the story. Ukraine has its own, Russia has its own, and even the spectator medias who are just watching them will assume things are done under the table. History is more than what we see and hear but the more important thing is preventing the destruction because once a shot is fired there is no turning back and so much at stake for Ukraine. The country will be crushed between the two powerful militias.

[Argoo]

~

What you are saying is that Putin is lying in the media channels saying Russia doesn't want war.  Like this video?

If Ukraine will allow the US to set up a military base in Ukraine near the borders of Russia which is likely possible, this will lead to a real war. It's your country that will be ruined with such kind of action. It has to stop to avoid conflict otherwise another country will fail. The US will be there for war not building a nation just as how Biden said in Afghanistan.

Well, let's go back to reality and look at this problem in chronological order? In 2014, Ukrainians only wanted to choose a pro-European vector of development. No NATO, no missiles, nothing. But Russia just took the annexed Crimea and partly captured the Donetsk and Lugansk regions. What rockets? What is the threat?
The only threat to Russia is if, next to one of the republics from the former USSR, it suddenly starts to live well and with high quality !!! This will be the end of Russia itself, since the population of this so-called "great country" has lived all their lives as residents of a third world country. And if they suddenly realize that even a country like Ukraine, which does not have "the natural resources of the whole world" like Russia, can prosper, it will simply destroy this power of thieves and criminals. No, Putin is not afraid of missiles, not of missiles ...

Didn't Ukraine president Yanukovych have a negotiation between them that the port of Crimea is now controlled by Russia which up to 2042?
After some militants in those areas and minorities including the Russian-speaking Ukrainians there that turned that region into a war zone which is why Russian steps in to make it peaceful.

If Ukraine wants to turn that region into a bigger warzone like your whole country, be a member of NATO and you will see what's left for the country. It's never worth bringing a 3rd party that will take everything instead because after all both country was part of the USSR and your NAVY shares that Crimea sea.

Under President Yanukovych, the lease agreement was only extended to the Russians until the specified year of the base of their Black Sea fleet near Sevastopol. Crimea is a very large peninsula and it was under the jurisdiction of Ukraine.
Before the invasion of Russian troops into Crimea and its occupation by Russia, the inhabitants of Crimea lived there absolutely peacefully. What action movies are you talking about? You completely distort reality. Even after the capture of Crimea by Russia, a relatively peaceful life continues to this day, but the Russian authorities are engaged in the forced russification of the peninsula, oppressing and repressing the indigenous people, the Crimean Tatars, and resettling millions of Russians there.
Now the occupied Crimea peninsula is being turned by Russia into a military base with nuclear weapons.

I may have learned the news from somewhere which both parties have their own version of the story. Ukraine has its own, Russia has its own, and even the spectator medias who are just watching them will assume things are done under the table. History is more than what we see and hear but the more important thing is preventing the destruction because once a shot is fired there is no turning back and so much at stake for Ukraine. The country will be crushed between the two powerful militias.

What versions from different sides can we talk about in the current situation? Ukraine did not attack Russia and did not seize its territory. It was Russia that attacked Ukraine and occupied its Crimean peninsula and part of the eastern territories adjacent to Russia. Putin's justification for these actions is that he does not want Ukraine to join the European Union and NATO. Is this a serious excuse for capturing a neighboring state and killing thousands of Ukrainians in the 21st century? Any independent state has the right to choose its own path of development and build its foreign policy, including deciding which political sides to join in order to ensure its security.
Putin behaves like a robber and a bandit on the world stage, and therefore the world community must unite and give him a good rebuff, and disconnecting Russia from the SWIFT international banking system is still a rather mild measure.

[goldkingcoiner]

The only real problem happening right now which is causing these tensions is America running out of money and they now need to start a war somewhere, with someone. Or at least make people believe there will be a war so that they can more easily sell weapons. Russia is not a fool and knows this. Thats why Russia is not reacting the way that America hoped they would.

Even if in Russia SWIFT Banking is isolated that will only give rise to new banking systems or stronger China/Russia relationships by fortifying with China's own banking systems

[stompix]

The US is digging its own grave with these moves. Soon there will be more countries that don't use SWIFT than that use it.

First, SWIFT is not American.
Second, it's not countries that use it but financial institutions.
Third, it's rather a settlement service, so no, a company that wants to sell something will don't give a damn or two about SWIFT, it's the banks that are not connected to that will feel the pain since it will take months for things done in a day.

So in order for A to have a settlement with B, B needs an account over at A or the other way around.
Even if Russia would implement an alternative it would still require Russian banks to have accounts overseas which, defeats the whole purpose of it that.

There will ALWAYS be people who will support Russia, it could be Russians, it could be people from old soviet lands that are not Russia, it could be leftists from other nations who want to support Russia against USA, and many other types.

Look how supportive are the nations from the old Warsaw Pact and you're going to get a better picture of why support is close to zero.

The only real problem happening right now which is causing these tensions is America Russia running out of money and they now need to start a war somewhere, with someone. Or at least make people believe there will be a war so that they can more easily sell weapons.

FTFY.
It's not the US who is preparing for a war in Ukraine, is not the US that has invaded Ukraine and taken land for it and it's not the US threatening with war. Out of money? It's not the US that has defaulted twice in the last 3 decades.
As for weapons selling:

2020
Rank   Supplier   Arms Exp (in billion TIV)
1    United States   9,372
2    Russia   3,203

Look who's talking about making profits from weapons.
Let's throw in the fact that the US GDP is 10 times bigger and voila! Russia actually exports 3 times more weapons per capita than the US.
What a peace-loving nation.

[DrBeer]

Didn't Ukraine president Yanukovych have a negotiation between them that the port of Crimea is now controlled by Russia which up to 2042?
After some militants in those areas and minorities including the Russian-speaking Ukrainians there that turned that region into a war zone which is why Russian steps in to make it peaceful.

If Ukraine wants to turn that region into a bigger warzone like your whole country, be a member of NATO and you will see what's left for the country. It's never worth bringing a 3rd party that will take everything instead because after all both country was part of the USSR and your NAVY shares that Crimea sea.

Sorry, but now, either intentionally or out of ignorance, you are carrying informational nonsense!
Yanukovych only negotiated that Ukraine allows Russia to prolong the agreement on the lease of certain territories for the needs of the Russian Navy, But no more!
I will also add that according to this agreement, the Russian Federation was obliged to coordinate any exit of the Russian military personnel outside the territory of the leased bases - no free movement outside the leased zones. And yet - in Ukraine there is a PARLIAMENTARY-presidential power, and the president cannot make any decisions unilaterally. Everything I have said can be checked in the legislation of Ukraine and open agreements of the Ministry of Foreign Affairs of Ukraine.

And about the "militants" - without organization, funding, direct support, including by the regular troops of the Russian Federation, nothing would have happened. I have been working with the eastern region for many years, and Donetsk "I know like the back of my hand", and I know that since 2004-2006 there has already been a pumping of pro-Russian ideology. population, Russian Cossacks, Russian propagandists. You can’t even imagine what kind of nonsense you pumped them up. But this is exactly how the propaganda of the Russian Federation works - the search for marginalized, degrading individuals, brainwashing, hammering into the head the image of the enemy who is to blame for all his troubles, and of course these enemies became pro-Ukrainian citizens, and of course the degrading population of Donbas was hammered into the head that they were the ones created all the values ​​in Ukraine and fed the rest of the country, although in reality they were one of the most subsidized and plundered regions.

[nullama]

Lightning can be used instead of SWIFT.

That's what Strike is doing.

I can see that maybe fiat part could be tricky, but instead of a direct conversion, you could always go through am intermediary fiat.

Money cannot be stopped with Bitcoin in my opinion.

[DrBeer]

The only real problem happening right now which is causing these tensions is America running out of money and they now need to start a war somewhere, with someone. Or at least make people believe there will be a war so that they can more easily sell weapons. Russia is not a fool and knows this. Thats why Russia is not reacting the way that America hoped they would.

Even if in Russia SWIFT Banking is isolated that will only give rise to new banking systems or stronger China/Russia relationships by fortifying with China's own banking systems

Tell me - are there events in your life that are not caused by the manifestation of the end of money in the United States or any processes in the United States? )))

And a simple question for a mental health check - explain the logical sequence:
In the United States, money is running out -> war is needed -> Russia violates all international agreements captures Ukrainian Crimea -> after that it introduces its troops into the eastern regions of Ukraine -> Russia unleashes a terrorist protracted war in Ukraine -> This is all supported by total lies and pumping fakes through everything Russian information channels -> Along the borders of Ukraine, to a depth of 300 km, 2 belts of strike forces have been assembled, with a total number of about 250,000 soldiers () -> Now we are here (And here you explain what profit the USA gets, how Russia was led and started a war, and what does Ukraine have to do with it?)
I'm really looking forward to it!

PS And please tell us - how does China call the entire region from Transbaikalia to Khabarovsk? This is about "Russia with China"

[cabron]

The only real problem happening right now which is causing these tensions is America running out of money and they now need to start a war somewhere, with someone. Or at least make people believe there will be a war so that they can more easily sell weapons. Russia is not a fool and knows this. Thats why Russia is not reacting the way that America hoped they would.

Even if in Russia SWIFT Banking is isolated that will only give rise to new banking systems or stronger China/Russia relationships by fortifying with China's own banking systems

Tell me - are there events in your life that are not caused by the manifestation of the end of money in the United States or any processes in the United States? )))

And a simple question for a mental health check - explain the logical sequence:
In the United States, money is running out -> war is needed -> Russia violates all international agreements captures Ukrainian Crimea -> after that it introduces its troops into the eastern regions of Ukraine -> Russia unleashes a terrorist protracted war in Ukraine -> This is all supported by total lies and pumping fakes through everything Russian information channels -> Along the borders of Ukraine, to a depth of 300 km, 2 belts of strike forces have been assembled, with a total number of about 250,000 soldiers () -> Now we are here (And here you explain what profit the USA gets, how Russia was led and started a war, and what does Ukraine have to do with it?)
I'm really looking forward to it!

PS And please tell us - how does China call the entire region from Transbaikalia to Khabarovsk? This is about "Russia with China"

The friction between Ukraine and Russia is to be resolved between the two countries, it's the two that should have the negotiations. If Ukraine is going to bring the US, that violates thier agreement as well that NATO will not have any expansion in the region.

They all have thier own version of a factual story, they are even saying that most of the people in Ukraine are more favorable on Russia's side than those on Poland's side. There is division in the country so they say. It's much like the Taiwan case where most Taiwanese prefer to reunite with China.

[fiulpro]

Russia is doing some crazy stuff and this is actually not going to affect just Russia and Ukraine but it would also affect other countries as well and take everyone closer to the world war !! Therefore everyone is being super careful about it. There are troops already being deployed from both that UK and the US as well, this would actually cause probelms for the long term. Therefore excluding them from SWIFT system would be a good move for the time being but it can also cause probelms, might increase the agressive conflicts as well. I think USA needs to make peace agreements instead of putting the troops in so soon and the Ukraine have to even get further steps to increase their security for some mishaps.

[omone1]

Russia is trying to bully Ukraine to see if US and NATO will leave their neighbor alone from been enlisted as a NATO member, Putin is respected for making good his threat but this time he may not really invade Ukraine except he has some other plans around the US and her allies sanctions.

[DrBeer]

The friction between Ukraine and Russia is to be resolved between the two countries, it's the two that should have the negotiations. If Ukraine is going to bring the US, that violates thier agreement as well that NATO will not have any expansion in the region.
They all have thier own version of a factual story, they are even saying that most of the people in Ukraine are more favorable on Russia's side than those on Poland's side. There is division in the country so they say. It's much like the Taiwan case where most Taiwanese prefer to reunite with China.

Yeah ... I get it ... you just have absolutely no control over the situation. Ok, it's not difficult for me, I will take a digression into history! And every reader will be able to make sure and check every word I said By the way, this is the difference between propaganda and the truth - the truth is easy to check and make sure of justice

So - when the USSR died and the republics got a chance for freedom, after many decades of occupation, Ukraine was one of the few republics that had .. What? That's right - Nuclear Weapons. If memory serves, it was even included in the top three countries in terms of the number of nuclear weapons. On December 5, 1994, she signed the "Memorandum on Security Assurances in Connection with Ukraine's Accession to the Treaty on the Non-Proliferation of Nuclear Weapons."
So, 27 years ago, on January 10, 1994, Ukraine, adhering to the concept of peaceful coexistence and development, decided to abandon nuclear weapons, and transfer ALL stocks of nuclear weapons to one of the countries that, in Ukraine's opinion, will be able to provide safe storage and maintenance (although I personally think that it was a mistake). Yes, it was the RSFSR, that was the name of the territory that is now called the Russian Federation. And since Ukraine showed such a gesture of peacefulness, and actually deprived itself of the strongest weapon, which weakened its security, 3 countries - Russia, the USA and Great Britain, together with Ukraine, signed the above Memorandum. And here about "friction" everything was very clearly spelled out: the signatories (USA, Britain, Russia), according to "clause 2 of the Memorandum, confirmed their obligations to refrain from the threat of force or its use against the territorial integrity or political independence of Ukraine, and that none of their weapons will ever will not be used against Ukraine; " (the text of the memorandum is publicly available)
So. Russia SIGNED an agreement in which it OBLIGED to respect the territorial integrity of Ukraine, not to use ANY weapon against Ukraine, to ensure POLITICAL INDEPENDENCE. AND ? In February 2014 - the introduction of troops (no need for self-defense, then Putin himself said that it was a special operation that he personally developed / supervised), the seizure of state power objects, military units, the murder of Ukrainian servicemen. After that, the shelling of the border zones of Ukraine from the territory of the Russian Federation, the introduction of a regular army into the eastern regions, the organization of terrorist cesspools of the DPR / LPR, support by regular military personnel (there are a lot of videos with interrogations of those), the supply of weapons, terrorist attacks, including the destruction of a civilian aircraft by a Russian weapons on the territory of Ukraine and much more ... This is "friction" for you as you put it Putin is trying to become a "new fürrer", heading a new movement of RASHISM and creating a new empire. But he is a pitiful parody of Hitler, because he was even afraid to openly declare war on the obviously weaker Ukraine, and is waging a vile, cowardly, terrorist / hybrid war. That is why, according to the memorandum, Ukraine turned to other signatories for help, and in connection with the violation of an international agreement - to other leaders of the UN member states and new structures such as the EU.

PS What negotiations with terrorists and aggressors? Only the destruction of the enemy on your territory! The war can be ended in only two ways - either lose or win, there are no other options!

PS
1. You did not continue the logical chain and did not describe the influence of the United States, see above
2. Well, another problem - tell us how the situation looks like in your unique reality?

[paxmao]

Cutting Swift for Russia was done a long time ago that's why they do have their own. ...

Nope, many banks in Russia are perfectly able to use SWIFT, particularly for their banking operations with Europe. These flows of capital are really the bread an butter of many Russian bankers and cannot be replaced by "their own system" which only would work between themselves and will not be accepted by the rest of the banks. Cutting Rusia from SWIFT would deal a blow to their operations in the West, which means that they would eventually reach an agreement with China and their satellites. This is not where you would want to go for a solid economy for sure.