Harry Bosch
Contributor
Russia is at it again:
I don't think that severe economic consequences are going to deter Russia. I know that the west has been helping Ukraine up it's defensive capability. It will be painful for Russia to invade. Perhaps invasion could be prevented if Nato moved troops directly into Ukraine. But that seems like just temping WW3.
Another option is to have the shut Russia from the Belgium-based SWIFT system of financial payments that moves money among thousands of banks around the world. This would hurt Russia great. It could cut them off half their oil export revenue and a third of their foreign trade. I've seen it reported that
Russia depends on its oil and natural gas exports for more than one-third of its federal revenues, and depends on SWIFT to make the petrodollars flow.
I don't think that severe economic consequences are going to deter Russia. I know that the west has been helping Ukraine up it's defensive capability. It will be painful for Russia to invade. Perhaps invasion could be prevented if Nato moved troops directly into Ukraine. But that seems like just temping WW3.
Another option is to have the shut Russia from the Belgium-based SWIFT system of financial payments that moves money among thousands of banks around the world. This would hurt Russia great. It could cut them off half their oil export revenue and a third of their foreign trade. I've seen it reported that
Russia depends on its oil and natural gas exports for more than one-third of its federal revenues, and depends on SWIFT to make the petrodollars flow.