This just in:
White House and EU nations announce expulsion of 'selected Russian banks' from SWIFT
https://www.cnn.com/2022/02/26/politics/biden-ukraine-russia-swift/index.html
(CNN)The White House, along with the European Commission, France, Germany, Italy, the United Kingdom and Canada, announced Saturday evening that they would expel certain Russian banks from SWIFT...
Well, THAT will fix Putin! Right? Right?
Or could it be that "genius Putin" already anticipated that?
Russia and China: Partners in Dedollarization February 18, 2022
https://www.atlanticcouncil.org/blogs/econographics/russia-and-china-partners-in-dedollarization/
As the Winter Olympics commenced in Beijing, President Putin visited his Chinese counterpart and the two released a joint statement endorsing Russia’s position on NATO expansion. With tensions escalating along Ukraine’s borders, a potential Sino-Russian security alignment is worrying Western policymakers. However, those concerned about military cooperation should be careful to not overlook China’s increasing convergence of interests with Russia on another front – finance and dedollarization.
Dedollarization emerged as a priority for Russia in 2014 in response to the imposition of Western sanctions following the annexation of Crimea that limited the ability of state firms and banks to raise financing in Western markets. China also began seeing value in this initiative after the onset of the US-China trade war in 2018 and the use of punitive financial measures by the US.
