Quote:
Originally Posted by T3rminator
Russia, China and even the EU have been slowly decoupling from the US dollar for quite some time now. I think there were even talks around establishing a secondary SWIFT like transaction system. Rise of the cryptos? At some stage, financial sanctions imposed by "the west" will have very little impact.
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Yes they have been insulating themselves for some time since they have already under a lot of sanctions.
The only reason they have not been booted out of SWIFT is because of the blowback on everyone.
If there is no direct threat to your country, trying to sell any negative fallout to your country as a leader is a tough task.