Tag: SWIFT
Biden, finally, has his foreign policy ‘success’: Europe is walling itself off from Russia, China, and the emerging integrated Asian market.
The acronym SWIFT (The Society for Worldwide Interbank Financial Telecommunications) has once again popped up in the global media headlines. Experts usually describe SWIFT as an international, interbank network for transmitting information about payment transactions…
The twin-pronged attack – oil price war/raid on the ruble – aimed at destroying the Russian economy and place it into a form of Western natural resource vassalage has failed.
An analysis of economic wars from the 19th to the 21st centuries shows that, in an overwhelming number of cases, they primarily pursued and are pursuing political objectives… America’s ruling elite and its allies use neutral words like ‘economic sanctions’, ‘trade and economic restrictions’, ‘moratorium’, ‘embargoes’ and so on. As a rule, however, these restrictions, moratoriums and embargoes in combination can have a powerful effect designed to undermine an enemy’s economy, provoke social unrest, force a regime change and change political policies. The combination of economic sanctions introduced by the West against Russia in 2014 could undoubtedly be characterised as a full-scale economic war…