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Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? - Foreign Affairs (3) - Nairaland

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Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by jimtemi1: 5:04pm On Feb 27, 2022
Putin will now move from 2nd in the world to 22nd because Russia economy will fall and they will remember putin foe his craziness, I know by now he will be regretting his actions, but is too late for him to call it off in other not to label him Weak... Russia is a gooner

1 Like

Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by ariesbull: 5:04pm On Feb 27, 2022
Ok

1 Like

Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by Lecturebidz(m): 5:05pm On Feb 27, 2022
Putin told his military chief to keep nukes on standby and children on niaraland are calling him weak. Y'all bunch of ignorant lots with no iota of knowledge on history. It is clear you guys think war is won with emotions.
Cuban crisis 1962, the first step the US took was to arm nukes on jets and deployed same over Cuban airspace.
Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by HardMirror(m): 5:05pm On Feb 27, 2022
pocohantas:


Interesting…
Thanks for this information. Odinson1 doesn’t know this one.
interesting indeed.... but it would be costly for russia as it could mean forfeiting their foreign reserves domiciled with many EU banks that are operating with SWIFT. It would be a costly reboot of their international financial reconciliation system

4 Likes

Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by nomenclature(m): 5:14pm On Feb 27, 2022
Coward
CrownedPhoenix:
Putin Putin. I even thought the guy had balls.

Few days into a fight he started, he is already looking at playing his last card, threatening nuclear war. Over ordinary sanction?

He whom the gods want to destroy, they first make 'MAD'

4 Likes

Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by Greyworld: 5:14pm On Feb 27, 2022
Meninmen:
Be consoling yourself grin.

Russia should expect their economy to start collapsing. And you think Russia and China have not experimented on an alternative to SWIFT? They have. But no business or country would leave Swift for an alternative from China or Russia.

Just like leaving Android or Ios for an unknown Chinese or Russians Os.. Makes no sense
Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by SeunWedsLinda(m): 5:14pm On Feb 27, 2022
goodconsience77:
*For those confused about the ongoing war between Russia and Ukraine, and by extension NATO.*
— Russia represents a polygamous husband with many wives like Ukraine, Moldova, Estonia, Latvia, Lithuania, Belorussia, and the other Ex-Soviet Republics.
— In 1991, Ukraine being the most beautiful wife, demanded a divorce from her draconian husband.
— Russia grudgingly allowed her, but due to his toxicity and ego, he would rather see her remain single, subservient, and dependent.
— As a dynamic lady, Ukraine rapidly developed herself into one of the most beautiful women after the divorce.
— To the chagrin of Russia, Ukraine, his ex-wife, becomes a center of attraction wanted by other men, including his foe, NATO.
—Ukraine’s pulchritude and natural endowment earn her recognition from NATO—a counterpart to Russia.
—The relationship between NATO and Ukraine started growing at an alarming pace, unsettling the nerves of the ex-husband, Russia.
— As expected of a toxic narcissist, Russia went berserk. He insisted that a relationship between Ukraine and NATO will breed conspiratorial connivance, which poses a more significant threat to the masculinity and ego of Russia.
— NATO, a polygamist like Russia, is a liberal. His wives include the U.K., U.S., Greece, Germany, Spain, and many more.
— To NATO, the addition of Ukraine to his fleet of wives makes him more powerful and gives him an upper hand ahead of Russia.
— To Russia, NATO, and Ukraine’s marriage poses a grandiose threat to his territory. Therefore, he is committed to ensuring the relationship never happens.
— In his quest to truncate this relationship, Russia wants to reconstitute his past relationship; he is a nationalist, a fascist in the mode of Adolf Hitler.
— As a result of this, he abruptly barged into his unsuspecting ex-wife’s house a few days ago.
— The unwanted guest is currently holding her hostage, surrounding her house with hundreds of _dongaris_.
— NATO, at the moment, is scrambling for how best to rescue his new wife from her abusive ex.
— Russia had warned that anyone who interferes as he gobbles Ukraine would suffer consequences that they did not dream possible; that is, he has nuclear weapons to eviscerate even those who know nothing about his strained relationship with his ex.
—Right now, Ukraine is stuck between an abusive ex-husband and a new lover who has promised her the most exquisite things in the world.
— The world is perturbed as they watch this dispute in awe and fear.
— The rescue mission, if haphazardly planned, may likely boomerang into an all-out war between the two suitors and their friends.
— NATO, a businessman (Capitalist) and the controller of the G7, has threatened to impose severe sanctions against Russia if he fails to withdraw his _Dongaris_ from Ukraine's premises.
— The G7 are the big guys around. They include the U.S., U.K., Canada, EU, Italy, Japan, France, and Germany. An affiliation with these guys is lucrative, capable of catapulting any country to booming affluence.
— The essence of these sanctions is that these big guys will ghost Russia and cut every tie with him in an attempt to humble him “economically.”

*How is Africa connected to this conflict?*
— Africa should be worried about one thing, her economy.
— Economically, Africa and the rest of the world will be significantly affected should a war break out in Europe.
— The world is yet to recover fully from the aftermath of COVID-19.
— Asides from that, I see no reason why any African country/leader should take sides, at least, for now.
— Russia is the only European country that stood with Africa during the colonial period. Russia fought with Angola against the South African apartheid regime and defended Lumumba.
— Africa had better be spectators rather than a participant in this conflict.
— It is not on record that Russia had once colonized or invaded the African continent like Ukraine's new husband once did.
— There is an ongoing liberation in Mali. Russia is currently liberating Mali from French Imperialism.
— The embittered ex and the new husband are inconsolable at the moment.
— Although Olori Ebi (the United Nations) has attempted to mediate, Russia is deviant to his appeasement because the U.S. is the one feeding Olori Ebi the most. Understandably, he may not favor Russia.
this analysis captured everything going on. I feel Russia is being made to look like the bad guy by the media. I just hope putin sits with zelensky and Ukraine pledge to uphold a neutral status in all this.

1 Like

Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by HitSong: 5:14pm On Feb 27, 2022
[s]
CoronaVirusPro:
The Kremlin dwarf would only lead Russians to destruction!

The impact of the sanctions will mostly be felt by citizens as it has been before.

The oligarchs looting the country dry will always find their way out.
[/s]
Shut up!

So many brainless and ignorant sympathizers in Nigeria sha

3 Likes

Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by AustineCJ: 5:15pm On Feb 27, 2022
This actually Nigerian time to make it big from oil .... but our leaders are clueless.
Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by PericomaNwankwo: 5:15pm On Feb 27, 2022
Something else you should not miss to read if you're into crypto is How The Russia Ukraine War Will Affect The Price Of Bitcoin.

Learn how to stay vigilante with your portfolio.
Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by pocohantas(f): 5:16pm On Feb 27, 2022
HardMirror:
interesting indeed.... but it would be costly for russia as it could mean forfeiting their foreign reserves domiciled with many EU banks that are operating with SWIFT. It would be a costly reboot of their international financial reconciliation system

His minions would go do a global heist to recover the money. Small something.

2 Likes

Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by darediamond(m): 5:16pm On Feb 27, 2022
goodconsience77:
*For those confused about the ongoing war between Russia and Ukraine, and by extension NATO.*
— Russia represents a polygamous husband with many wives like Ukraine, Moldova, Estonia, Latvia, Lithuania, Belorussia, and the other Ex-Soviet Republics.
— In 1991, Ukraine being the most beautiful wife, demanded a divorce from her draconian husband.
— Russia grudgingly allowed her, but due to his toxicity and ego, he would rather see her remain single, subservient, and dependent.
— As a dynamic lady, Ukraine rapidly developed herself into one of the most beautiful women after the divorce.
— To the chagrin of Russia, Ukraine, his ex-wife, becomes a center of attraction wanted by other men, including his foe, NATO.
—Ukraine’s pulchritude and natural endowment earn her recognition from NATO—a counterpart to Russia.
—The relationship between NATO and Ukraine started growing at an alarming pace, unsettling the nerves of the ex-husband, Russia.
— As expected of a toxic narcissist, Russia went berserk. He insisted that a relationship between Ukraine and NATO will breed conspiratorial connivance, which poses a more significant threat to the masculinity and ego of Russia.
— NATO, a polygamist like Russia, is a liberal. His wives include the U.K., U.S., Greece, Germany, Spain, and many more.
— To NATO, the addition of Ukraine to his fleet of wives makes him more powerful and gives him an upper hand ahead of Russia.
— To Russia, NATO, and Ukraine’s marriage poses a grandiose threat to his territory. Therefore, he is committed to ensuring the relationship never happens.
— In his quest to truncate this relationship, Russia wants to reconstitute his past relationship; he is a nationalist, a fascist in the mode of Adolf Hitler.
— As a result of this, he abruptly barged into his unsuspecting ex-wife’s house a few days ago.
— The unwanted guest is currently holding her hostage, surrounding her house with hundreds of _dongaris_.
— NATO, at the moment, is scrambling for how best to rescue his new wife from her abusive ex.
— Russia had warned that anyone who interferes as he gobbles Ukraine would suffer consequences that they did not dream possible; that is, he has nuclear weapons to eviscerate even those who know nothing about his strained relationship with his ex.
—Right now, Ukraine is stuck between an abusive ex-husband and a new lover who has promised her the most exquisite things in the world.
— The world is perturbed as they watch this dispute in awe and fear.
— The rescue mission, if haphazardly planned, may likely boomerang into an all-out war between the two suitors and their friends.
— NATO, a businessman (Capitalist) and the controller of the G7, has threatened to impose severe sanctions against Russia if he fails to withdraw his _Dongaris_ from Ukraine's premises.
— The G7 are the big guys around. They include the U.S., U.K., Canada, EU, Italy, Japan, France, and Germany. An affiliation with these guys is lucrative, capable of catapulting any country to booming affluence.
— The essence of these sanctions is that these big guys will ghost Russia and cut every tie with him in an attempt to humble him “economically.”

*How is Africa connected to this conflict?*
— Africa should be worried about one thing, her economy.
— Economically, Africa and the rest of the world will be significantly affected should a war break out in Europe.
— The world is yet to recover fully from the aftermath of COVID-19.
— Asides from that, I see no reason why any African country/leader should take sides, at least, for now.
— Russia is the only European country that stood with Africa during the colonial period. Russia fought with Angola against the South African apartheid regime and defended Lumumba.
— Africa had better be spectators rather than a participant in this conflict.
— It is not on record that Russia had once colonized or invaded the African continent like Ukraine's new husband once did.
— There is an ongoing liberation in Mali. Russia is currently liberating Mali from French Imperialism.
— The embittered ex and the new husband are inconsolable at the moment.
— Although Olori Ebi (the United Nations) has attempted to mediate, Russia is deviant to his appeasement because the U.S. is the one feeding Olori Ebi the most. Understandably, he may not favor Russia.
NATO is not a Country but amalgamation of some nations in Europe against Russia.
The true owner of NATO which USA a member of is Britain in disguise. This is one the reasons why Germany do not give full support because the part of the strategic plan is to tactically erase Germany too.

1 Like

Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by Nobody: 5:16pm On Feb 27, 2022
olas24u:
China launched its Cross-Border Interbank Payment System (CIPS) in 2015, using the yuan. Russia developed its System for Transfer of Financial Messages (SPFS). To build an independent Russian-Chinese financial system by linking the two should not be a problem. The main question is to choose the standard currency – possibly the yuan.

Once the system is up and running, that’s perfect for Iran, which badly wants to increase trade with Russia but remains handicapped by US sanctions. Iran has already signed trade agreements and is involved in long-term strategic development with both Russia and China.
thank you... This is the truth that isn't out there!

3 Likes

Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by juman(m): 5:16pm On Feb 27, 2022
"Zhuravlev also noted that while SWIFT is convenient, it is not the only way of transferring money, and a decision like suspending a country would need unanimity among members."

There is alternative.
China also has such payment system.
So europeans shot themselves on their legs.

2 Likes

Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by AroleOduduwa2: 5:17pm On Feb 27, 2022
Ukraine have asked russia to send her delegate to belarus, they are ready to negotiate
Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by olas24u(f): 5:19pm On Feb 27, 2022
Minjim:



Russia can link with China and even Iran, but how effective will that be?
The US dollar is still International currency and no one doing biz Internationally will use it except you are dealing with either of the three countries.

China doesn't have any reason to join such an arrangement yet

ifyou get this brilliant question right ,you will understand the real situation and not follow the crowd ,you are really thinking to ask this question, it is similar to what Gadhafi wanted to do ,but this look like an advanced version in simple terms. You see anytime you spend ,keep save dollars ,you are empowering America ,and that is what Nigeria government likes doing ..

You see they will check their receipts and look for the volumes of trade and use there own local currecny for swap deals and will boyciot the dollars

3 Likes

Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by 2braithe: 5:19pm On Feb 27, 2022
Sabadon:
Majority of people dont really understand the Russian-Ukraine fight......for the layman, see pic for illustration

You be cultist grin

1 Like

Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by AroleOduduwa2: 5:19pm On Feb 27, 2022
CoronaVirusPro:



You think Putin just activated Defcon for no reason? It tells you it’s biting hard already

He is meeting with Zelensky at belerussian boarder soon.


Who requested the meeting, he is yet to decide if he will send a delegate or not.
Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by henryobinna(m): 5:19pm On Feb 27, 2022
inoki247:
Lol as in individual in Nigeria u no fit du Swift transfer for here don't know abt corprate bodies oh buh dem go tell u CBN policy no support am...


So I don't know if e go affect dem cos we for diz side don move on....
You don't know what you're saying. We use Swift in Nigeria.

If you want to receive foreign currency to your dorm account you'd most likely be asked for your bank's SWIFT code.

Swift is just not needed for local transfer but international, it is needed. The article is talking about international transactions.

3 Likes

Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by freshkpomo(m): 5:21pm On Feb 27, 2022
nairaman66:


Iraq was a gang up on SH, they lied he was building or has the means to build WMD which was a covert operation by the US themselves headed by the Bush Admin, taking false intelligence and discarding the truth.

Off all leaders in the world, why did they pick Saddam Hussein? Was he a terrorist? Did he invade any country in the past? Was he a global threat to security? Please answer the above questions Sir.

1 Like

Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by AroleOduduwa2: 5:23pm On Feb 27, 2022
Minjim:



Russia can link with China and even Iran, but how effective will that be?
The US dollar is still International currency and no one doing biz Internationally will use it except you are dealing with either of the three countries.

China doesn't have any reason to join such an arrangement yet

An arrangement they initiated, India and China will trade with Russia.
Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by freshkpomo(m): 5:24pm On Feb 27, 2022
jcross19:
continue with your western propaganda trash.... USA did worst in middle east nothing happened...
please tell me why US went to the middle East.. I need to learn sir, what was their reason?
Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by geesilver(m): 5:25pm On Feb 27, 2022
CrownedPhoenix:
Putin Putin. I even thought the guy had balls.

Few days into a fight he started, he is already looking at playing his last card, threatening nuclear war. Over ordinary sanction?

He whom the gods want to destroy, they first make 'MAD'
E be like say you no know wetin be the last button, if he press am like this.... Half of Europe go clear like farm wey they just harvest the crop finish.... Make we beg am make him no try am oooo
Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by inoki247: 5:26pm On Feb 27, 2022
henryobinna:
You don't know what you're saying. We use Swift in Nigeria.

If you want to receive foreign currency to your dorm account you'd most likely be asked for your bank's SWIFT code.

Swift is just not needed for local transfer but international, it is needed. The article is talking about international transactions.



We can only receive buh we can't send out with our own SWIFT no b wetin I don use before abi u wan lecture me...


I can't use it to send out cos CBN policy don block am wetin me I jus know if we can move on from not been able to use Swift to send out even if dem disable us from receiving with it we will still move on...
Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by Karemarealty288(m): 5:26pm On Feb 27, 2022
Elvictor:
This war between Ukraine and Nigeria, made me realize that Nigeria will never develop, the commenters are all emotional, and selfish, SMH.

See them here oooo

Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by Ladyhippolyta88(f): 5:27pm On Feb 27, 2022
CoronaVirusPro:


He has accepted. They are meeting

The foreign minister said the president will not meet them in person for security reasons.

That is what I meant if Zelensky goes in person he may be dead

2 Likes

Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by alphaNomega: 5:27pm On Feb 27, 2022
If they exclude Russia from SWIFT, that's the end of the US dollar hegemony in international trade

I hope they do it and dollar becomes less useful, time to explore other currencies.

Owning russian ruble and Chinese yuan would be cool
Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by ken045501: 5:28pm On Feb 27, 2022
Poopypants:
I don’t think most Nairalanders know what these sanctions , Biden got world leaders that can’t even agree on a cup of coffee to agree in sanctioning Putin . Biden reported about this invasion before it was a thing, and same people are about getting russia kicked out of SWIFT.

1 dollar was worth 76 Russian rubble last week but currently today its worth 83 Russian rubble to a dollar, and the sanctions haven’t even really kicked in yet. You Nairaland urchins keep praising Putin not realizing he is loosing massively . His last card is nuclear weapon, and that will be his demise/death. So I ask again to the idiots shilling this guy, how is Putin winning this in anyway, what’s he doing to warrant that stupid supports he gets only here on Nairaland by few Nigerians in nigeria?
you never even understand this whole thing . Too much cnn is very bad

2 Likes

Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by eginaP: 5:28pm On Feb 27, 2022
chucksbonda:
Going by what swift is,
SWIFT own the internet then

meaning they are going to pull Russia out from the internet.

so west owns the internet after all.

but they keep telling us no body owns the internet.


How does that writeup sum up to SWIFT owing the internet?

While your conclusion is not completely wrong, your premise is very wrong.
Re: Russia Vs Ukraine: What Is SWIFT And Could It Be Used Against Putin? by alphaNomega: 5:28pm On Feb 27, 2022
inoki247:




We can only receive buh we can't send out with our own SWIFT no b wetin I don use before abi u wan lecture me...


I can't use it to send out cos CBN policy don block am wetin me I jus know if we can move on from not been able to use Swift to send out even if dem disable us from receiving with it we will still move on...
What is firstbank's swift code?

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