Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
No Result
View All Result
Thndr Claps

Thndr Claps » U.S. Claps » Financial Services 💸 » Russia & SWIFT: A swift explainer💱

Russia & SWIFT: A swift explainer💱

by Shams Abbas
February 27, 2022

The Clap👏
Heavy SWIFT sanctions on Russia would be the hardest sanctions yet, but some western countries are reluctant to take these measures.

I’ve heard of SWIFT code before..😏
..& that’s exactly where it comes from. SWIFT is the world’s main international payments network, & the main facilitator of international trade.

What kind of sanctions are we talking about here?🤨
Some Russian banks will be disconnected from SWIFT, but it’s not yet clear which specific banks will be cut off.

How would Russia be affected?🤔
Well for starters, the Russian Ruble plunged by 30% against the U.S. dollar amid reports of banning Russia from SWIFT. Russia’s central bank already reacted by increasing interest rates from 9.5% to 20% this morning.

Russia would also find it much more difficult, slower, & expensive to pay for imports, receive money for exports, & borrow or invest across borders.

Then why are some countries reluctant?😩
Russia is the biggest supplier of natural gas, oil, & solid fossil fuels to Europe.

That’s it.

You also won’t be surprised to know that the countries reluctant to impose heavy SWIFT sanctions are European powerhouses such as Italy, France, & Germany.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Financial Services, Claps
Financial Services 💸

Goldman Sachs’ CEO salary slashed 💰

by Omar El Shorafa
January 30, 2023
Claps, Financial Services
Financial Services 💸

Goldman Sachs suffered in Q4

by Omar El Shorafa
January 18, 2023
Claps, Financial Services
Financial Services 💸

Morgan Stanley beats the odds in Q4

by Omar El Shorafa
January 18, 2023
Claps, Financial Services, NASDAQ
Financial Services 💸

Coinbase to cut workforce significantly 🪙

by Omar El Shorafa
January 11, 2023
Claps, NYSE, Financial Services
Financial Services 💸

Goldman Sachs preparing for job cuts 🏦

by Omar El Shorafa
January 10, 2023
Claps, Financial Services, NYSE
Financial Services 💸

Visa splurging on Africa e-payment’s boom 💳

by Omar El Shorafa
December 15, 2022

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)