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Monday, March 07, 2022

2022.0307.0006...

Whatever you might think of the "World Socialist Web Site", this author is very knowl­edge­able about economics and explains the ripple effect we all will experience...

Concerns over impact of Russian sanctions on global financial system



Concerns are starting to be raised in financial media circles and by economic analysts about the effects on the global financial system of the sweeping sanctions imposed on Russia both immediately and in the longer term.

Combined action by the US and the EU have excluded seven major Russian banks from the Swift international financial messaging system. Banks involved in the oil market were excluded from the ban, but moves are now being considered to cut off Russian exports.


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8 comments:

  1. Until we ban the sale of Russian energy/oil/gas... they are going to continue to have an economy. That has to be done. Yes, we'll all pay through the roof at the pumps... but better that than allow Putin his war games.

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  2. WTF are we complaining about when all those innocent ukranians are killed and have to flee in other countries for their safety while their way of life and their homes are destroyed by this monster in Moscow.

    I can easily pay more for my car gaz so Russia be affected by the economic battle we are doing on them.
    We have to be with Ukraine who is the one who is suffering more than us for now.

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  3. upton - Absolutely.

    JiEL - Unfortunately, higher prices will affect most those who are desperately poor.

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  4. It is having a detrimental effect on everyone, already. The world has said enough times, "Never again." and yet all have stood by as it has happened again and again and again.

    We'll all pay the price to get Putin's foot off Ukraine's neck. If we don't, he will stomp on others until he is stopped. And what will the cost of that be?

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  5. I understand your point over the «desperately poors» but here in Canada and USA, those «poor» people can get help and live a almost normal life.

    Something no more what is going on in Ukraine since February 22.
    All those escaping by now almost 2 millions have no more «normal lives» and are scared of what their future will be.

    For here in Canada, our different governements on federal and provincial levels are providing some kind of financial help and more to help our poorest citizens.

    We are way far from what is going on in Europe.
    I am often talking with friends in France and they are scared to death because they are so near of Ukraine and the was zone too.
    They had suffered from the WWII and couldn't never imagine living again all of that sad play.

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  6. Pat - I'm hoping that one million dollar bounty on Putin's head will come to fruition.

    JiEL - Yes, we are lucky to be far away. My penpal in Madrid is very nervous about the situation, too.

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  7. Last comment is so true. I'm thankful every day for what have...a roof over my head, and food in my fridge. Thoughts go out to those who don't have the same. Very tired of people whining about everything... Just be thankful that bullets aren't flying overhead...

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Nice you must be or delete your ass I will.