RE: SWIFT SANCTIONS - is it a NUCLEAR WEAPON in financial markets?

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SWIFT SANCTIONS - is it a NUCLEAR WEAPON in financial markets?

in hive-175254 •  3 years ago 

Unfortunately, as you comment friend @crypto.piotr, recent experience shows us that these types of financial sanctions do not usually fulfill their purposes and end up becoming one more weight for the population of said countries.

Additionally, Russia has been preparing for an eventuality of this type since it invaded Crimea, so in the end, I think that those most affected by the measure will end up being those who are proposing it. I was just writing an article referring to the SWIFT system when I read your very interesting and important publication, I allow myself the abuse of sharing the link of my publication with you. ¡I hope you like it!

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I agree with you that a SWIFT sanction can back fire on the West.