t309n (OP)
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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!!!
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adaseb
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February 26, 2022, 02:56:37 AM |
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I am surprised they didn’t do the SWIFT ban on Russian since they all did the sanctions and they also forbid to do business with many Russian banks.
Why do they refuse to ban SWIFT exactly? They are afraid some companies will have trouble sending and receiving money from banks? But aren’t they sanctioned anyways from doing business with Russia anyways. This is what I don’t understand.
I hope you stay safe. Hope this conflict ends soon.
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adzino
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February 26, 2022, 05:17:08 AM |
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I am surprised they didn’t do the SWIFT ban on Russian since they all did the sanctions and they also forbid to do business with many Russian banks.
Why do they refuse to ban SWIFT exactly? They are afraid some companies will have trouble sending and receiving money from banks? But aren’t they sanctioned anyways from doing business with Russia anyways. This is what I don’t understand.
I hope you stay safe. Hope this conflict ends soon.
Not every "business" has been sanctioned. So they still need the banking system. And then some EU countries like Germany (not confirmed) are opposing the ban because the ban will do more harm to their economy than to Russia due to them being dependent on energy. And even if they did ban Russia from SWIFT, they would be able to use other means for bank to bank transaction. And don't forget. They have China with them and they can start using CIPS for cross border transaction.
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Poker Player
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February 26, 2022, 06:21:40 AM |
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Why do they refuse to ban SWIFT exactly? ... This is what I don’t understand.
And then some EU countries like Germany (not confirmed) are opposing the ban because the ban will do more harm to their economy than to Russia due to them being dependent on energy. And even if they did ban Russia from SWIFT, they would be able to use other means for bank to bank transaction. And don't forget. They have China with them and they can start using CIPS for cross border transaction. This is the point. The economic sanctions would not only screw Russia, but also many countries that have trade relations with it with a large volume of business. Let's see how this turns out. So far, historically, trade sanctions have not helped much.
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Argoo
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February 26, 2022, 07:14:22 AM |
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I am surprised they didn’t do the SWIFT ban on Russian since they all did the sanctions and they also forbid to do business with many Russian banks.
Why do they refuse to ban SWIFT exactly? They are afraid some companies will have trouble sending and receiving money from banks? But aren’t they sanctioned anyways from doing business with Russia anyways. This is what I don’t understand.
I hope you stay safe. Hope this conflict ends soon.
When discussing the issue of disconnecting Russia from SWIFT, Germany, Italy, Hungary and Cyprus opposed this proposal as of yesterday morning. By evening, Germany and Italy had already agreed on the need to disconnect Russia from the SWIFT international banking system. Meanwhile, Ukraine is giving a good rebuff to the Russian invaders, although stubborn battles are taking place in most of its territory. During the first two days of a large-scale war, more than 3,500 Russian invaders were killed, about 200 were taken prisoner, 102 tanks, 536 various armored vehicles, 14 combat aircraft and 8 helicopters were destroyed. The enemy attack began to falter. They run out of fuel, shells, food. After all, Putin was counting on a blitzkrieg, and he clearly miscalculated. The Ukrainian armed forces are repelling attacks in all directions with the active support of the population, which is formed into territorial defense battalions. In Kyiv, 14,000 machine guns were distributed to the population to repel the Russian bulk.
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kaya11
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February 26, 2022, 08:07:04 AM |
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I am surprised they didn’t do the SWIFT ban on Russian since they all did the sanctions and they also forbid to do business with many Russian banks.
Why do they refuse to ban SWIFT exactly? They are afraid some companies will have trouble sending and receiving money from banks? But aren’t they sanctioned anyways from doing business with Russia anyways. This is what I don’t understand.
I hope you stay safe. Hope this conflict ends soon.
When discussing the issue of disconnecting Russia from SWIFT, Germany, Italy, Hungary and Cyprus opposed this proposal as of yesterday morning. By evening, Germany and Italy had already agreed on the need to disconnect Russia from the SWIFT international banking system. Meanwhile, Ukraine is giving a good rebuff to the Russian invaders, although stubborn battles are taking place in most of its territory. During the first two days of a large-scale war, more than 3,500 Russian invaders were killed, about 200 were taken prisoner, 102 tanks, 536 various armored vehicles, 14 combat aircraft and 8 helicopters were destroyed. The enemy attack began to falter. They run out of fuel, shells, food. After all, Putin was counting on a blitzkrieg, and he clearly miscalculated. The Ukrainian armed forces are repelling attacks in all directions with the active support of the population, which is formed into territorial defense battalions. In Kyiv, 14,000 machine guns were distributed to the population to repel the Russian bulk. I did not know that there were so many Russian casualties, 3500 is a great number if that information is true. How could Putin let them killed in less that 3 days only. Are you sure it is credible, if so, it is hardly to just let go of Ukraine with talks, it would hurt him. I am seeing that there is no turning back and this could be greater with intervention from other countries.
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jc12345
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February 26, 2022, 08:36:52 AM |
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Expelling a country from SWIFT is not an easy decision taken lightly. Previously Iran was removed in 2018. USA and Germany would stand the most to lose if Russia is disconnected from the SWIFT network. Also remember that Russia has the System for Transfer of Financial Messages (SPFS) that has been worked on since 2014 as a potential plan B in case of ever being disconnected from SWIFT.
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Fortify
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February 26, 2022, 11:21:28 AM |
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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!!!
I hope you and your family stay safe. Sadly Putin the murderous has chosen a path of destruction as his legacy, this aging old man is willing to destroy the world because he has no future left. So much for Russians and Ukrainians being "brothers", any Russian in Ukraine or who supports Putin now is on the side of evil. I cannot see NATO doing much, as it is there to protect member states and cannot be the aggressor. However it looks like individual countries are starting to ramp up and deliver much more weaponry to counter this blatant attack on an innocent people who only wanted freedom and democracy. Russia offers them nothing except pain and violence to comply, no wonder they wanted to be closer to the EU.
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mobilestrike
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February 26, 2022, 11:50:09 AM |
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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!!!
I am very sad to hear about that. I can understand your emotion. I know you are more worried about your family and lives. I hope everything will be better. The world have to care about Ukraine. I was weeping to hear that people there are in danger and none of the nation came to protect them. We hope for the peace to establish there and people start to live happily again.
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Lucius
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February 26, 2022, 11:58:45 AM |
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Why do they refuse to ban SWIFT exactly?
Because they have at least $30 billion reasons not to do so, as always money is at stake. In addition, Russia is the world's 2nd military power, as well as a nuclear power, on whose gas the EU currently depends - which is why every move against Russia is being carefully considered. Data from the Bank of International Settlements (BIS) shows that European lenders hold the lion's share of the nearly $30 billion in foreign banks' exposure to Russia.
@t309n, I am sorry for your situation, but even if Ukraine is in NATO, it would take weeks or even months for these bureaucrats to agree on helping a NATO member. It is a completely different matter when NATO is used to bomb countries like Libya out of some of its interests, but when it needs to act against a strong and powerful enemy, then they hide like mice in their holes.
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hugeblack
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February 26, 2022, 01:21:22 PM |
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The problem is not related to the ban. Countries such as Sudan, Iran, North Korea have been banned from SWIFT, but with the country that will be banned.
Most of the countries that oppose the embargo have strong economic relations with Russia and will be harmed by the embargo, and therefore do not try to use the pressure card early, especially those that have upcoming elections or exposure to the Russian oil market.
The course of the battles and the political statements coming from Ukraine will determine how to deal with this crisis.
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Vatimins
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February 26, 2022, 02:27:50 PM |
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It's really sad seeing such a post but regardless of how anyone feels, it is real and it is happening. I do not know if you believe in religion or not but I will be praying for you and your loved ones tonight.
Now about the swift ban, it won't be as easy as saying ban it. Mutual agreement within the members are required and I don't believe that all are in favor of this there is just so much at stake with this decision. Everyone wants some benefits and Russia clearly can offer good ones and have done so all throughout the years. But let's say it does get banned from Swift there can still be quite a few options for Russia and loopholes to exploit. Not to mention that this could trigger a bigger animosity that could actually lead to a world war. Whatever the case is, I just hope that all this would be solved by peace talks soon having less damages and casualties. Stay strong op, you and your countrymen will get through this.
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Dunamisx
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February 26, 2022, 03:25:08 PM |
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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!!!
They are quite aware of the ban right from the on set but choose to use sanction, one thing you should understand is that they have the power to place the ban but wouldn't considering those that will be affected alongside. Also remember that Russia is not just an ordinary country you could do and undo upon when it comes to war and millitary power, they are fierce in this regards, even US and China dare not trespass them in this regards, they don't just have weapons they build it themselves. I think the impact of NATO could go along in such situation while to cap it all, if China could join in this fight against Russia then things may come to normalcy but will cost lots of life.
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Gozie51
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February 26, 2022, 03:46:02 PM |
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Also remember that Russia is not just an ordinary country you could do and undo upon when it comes to war and millitary power, they are fierce in this regards, even US and China dare not trespass them in this regards, they don't just have weapons they build it themselves.
Russia is not easy to look down really. Among the sanctions that they have got, the European countries and US have also allowed the oil and gas industry to continue and this means it is a selective sanction because they are being careful about the effect on other European countries , and this may not have the sanction to be effective. Russia is a world power after US and this is going to be a tough time for Europe sanctioning Russia.
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kryptqnick
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February 26, 2022, 06:48:53 PM |
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adaseb, Russia wasn't banned from Swift because of Germany, Italy and Hungary whose govs and riches have strong ties with Russia. But it seems that there's finally some consolidation, and SWIFT is likely to happen very soon. Speaking of casualties, kaya11, it's more than 3000 from the Russian side, according to official reports of the Ukrainian Armed Forces. But, of course, with everything happening very fast and no real way of fact-checking, some might not believe this information. As for how they died in such numbers, the answer is simple: Ukrainians are fighting fiercely against the invasion. I come from the intellectual circles, and a professor of philosophy I know joined the armed resistance. A female student of philosophy whom I also know personally joined civilians who are making Molotov cocktails to throw at Russian military vehicles (it works, btw, there've been many successful attacks like that). A popular Ukrainian blogger whom I've been watching for a while is now also a part of the regional military force. Regular civilians are monitoring the situation, looking for suspicious people and markings, reporting them all to the police. This is our country, and the main value of the Ukrainian nation has always been freedom. I guess Putin just forgot about it, again.
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Mauser
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February 26, 2022, 07:33:44 PM |
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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!!!
Banning Russia from SWIFT would be a strong sanction that will definitely hurt Russia. It seems that all the European countries that opposed removing Russia from SWIFT before are changing their minds right now. It could be that already next week all countries will agree to the new sanctions. As for NATO to enter Ukraine, I don't think there is any chance for this. Ukraine could use the help of NATO fighters to help get air superiority. But Russia is a nuclear power and stated publicly they would attack anybody who will intervene in the war. The western world can only send more weapons, ammunition, financial aid and other support equipment. Sending official soldiers is not an option at the moment. I hope Ukraine can hold out.
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AmoreJaz
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February 26, 2022, 09:14:10 PM |
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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!!!
Banning Russia from SWIFT would be a strong sanction that will definitely hurt Russia. It seems that all the European countries that opposed removing Russia from SWIFT before are changing their minds right now. It could be that already next week all countries will agree to the new sanctions. As for NATO to enter Ukraine, I don't think there is any chance for this. Ukraine could use the help of NATO fighters to help get air superiority. But Russia is a nuclear power and stated publicly they would attack anybody who will intervene in the war. The western world can only send more weapons, ammunition, financial aid and other support equipment. Sending official soldiers is not an option at the moment. I hope Ukraine can hold out. they are closing in in cutting the russia off from SWIFT as per this article - EU Close to Cutting Russia Off From SWIFT Over Ukraine Invasion . if this invasion will create more bloodshed and more bombings in the next coming days, they will definitely impose this restriction. however, putin maybe ready for this because he already calculated his move and maybe preparing this for years. NATO can't enter because Ukraine is not yet part of this alliance, so they can't be aggressive in helping Ukraine. but more then likely, the borders around ukraine which are part of nato are already weaponised and guarded. i have the feeling that putin will do all what is needed to win this war at all cost. he doesn't care how many people will lose their lives in this war. it is not in his morale
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dothebeats
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February 26, 2022, 09:18:27 PM |
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Russia still have access to the markets in China and Asia, so even if the West bans SWIFT and imposed sanctions on the country, they will still find a way to finance this war they're waging on. Also, it seems that China is with Russia on what's happening in Ukraine, too, and they are ready to send some support to Russia in terms of money if it comes to that. Europe can't also afford to stand against Russia for too long, as they need that oil from Russia as well. Sanctions will hurt Russia a lot, but Europe and the West would also be hurt in some ways, too.
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PX-Z
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February 26, 2022, 09:39:35 PM |
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During the first two days of a large-scale war, more than 3,500 Russian invaders were killed, about 200 were taken prisoner, 102 tanks, 536 various armored vehicles, 14 combat aircraft and 8 helicopters were destroyed. The enemy attack began to falter. They run out of fuel, shells, food. After all, Putin was counting on a blitzkrieg, and he clearly miscalculated. The Ukrainian armed forces are repelling attacks in all directions with the active support of the population, which is formed into territorial defense battalions. In Kyiv, 14,000 machine guns were distributed to the population to repel the Russian bulk.
These number of casualties only came Ukraine tally, Russia reports otherwise, 3500 is more reasonable number if they are on offensive. Talking about running out of fuel, shells and food is unreasonable as well, knowing russia is just a 1 step ahead in Ukraine. Idk why they keep telling these information to media this way, like they are winning when their cities are often receiving bombings and air strikes. Even this numbers are true, Russia's force is way more bigger than this. In anyway, I hope this war stops already.
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Gyfts
Legendary
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February 27, 2022, 02:16:47 AM |
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I’m sorry to hear about your family but why would NATO protect Ukraine? The Ukrainian‘s need to defend themselves and their sovereignty. The only support NATO countries would provide is participating in sanctions, but even then it’s still up to Ukraine to force Russian troops out of their country. It would be beneficial for NATO to provide arms to the Ukrainian people, but of course that would never happen because Eastern Europe needs their Russian oil. You can thank the US and Nord Steam 2 when they failed to sanction NS2 in 2021.
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