The RAND Corporation, a highly influential elite national security think tank funded directly by the Pentagon, has published a landmark report stating that prolonging the proxy war is actively harming the US and its allies and warning Washington that it should avoid “a protracted conflict” in Ukraine. What are the …
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Russian banking giant Sberbank has been disconnected from the SWIFT global financial messaging system under a new set of sanctions approved by European Union leaders on Monday. “This sanctions package includes other hard-hitting measures: de-Swifting the largest Russian bank Sberbank,” European Council chief Charles Michel announced following the EU summit. …
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Secretary of State Antony Blinken has invoked a Taylor Swift hit to send a message to President Putin that Russia-US ties, devastated by the situation in Ukraine, are not about to improve. Giving a commencement address at Georgetown University on Saturday, Blinken started by comparing himself to the 11-time Grammy …
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More Russian banks will be disconnected from the global banking communications system SWIFT, the EU High Representative for Foreign Affairs and Security Policy, Josep Borrel, warned on Monday. “In the banking sector, there will be more Russian banks that will leave SWIFT,” AFP quotes Borrell as having said during a …
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The Indian government is reportedly considering Moscow’s proposal to turn to the Russian payment system, which allows direct rupee-ruble transfers in bilateral trade. The mechanism developed by the Russian central bank is expected to boost commerce between the two countries by avoiding dollar-denominated trade, and allow the world’s third biggest …
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The National Bank of Ukraine has asked global financial messaging system SWIFT to disconnect Russia’s central bank, effectively cutting off the regulator’s ability to conduct international transactions. “The National Bank of Ukraine appealed to the leadership of the international SWIFT system with a call to disconnect the Central Bank of …
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Delisting Russia from the SWIFT international payment system is not being considered by the US and EU for the sanctions package tied to the allegedly looming ‘invasion’ of Ukraine, Ukrainian Foreign Minister Dmitry Kuleba has revealed. Abandoning plans to delist Russia from SWIFT was made under the pressure of certain …
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Suspending Russia from SWIFT – an international system of financial transactions between banks operated by a Belgium-based company – could massively backfire on Europe, Deputy Speaker of the Russian Senate Nikolay Zhuravlev warned on Tuesday. “SWIFT is a payment system. It’s a service,” Zhuravlev told journalists. He added that cutting …
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British authorities are reportedly considering “an opportunity to support the suspension of Russia from the SWIFT international payment system, citing a hypothetical military conflict that could erupt between Russia and Ukraine. Prime Minister Boris Johnson “fears some world leaders may not appreciate the deteriorating picture on the Ukrainian border, or …
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German newspaper Handelsblatt has reported that Western leaders have ruled out the possibility of disconnecting Russia from the global banking interchange SWIFT. However, the US government has contradicted the assertion. “No option is off the table,” a spokesperson for Washington’s National Security Council told reporters on Monday. The denial comes …
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