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A comment on Full consensus for disconnecting Russia from SWIFT achieved, process has begun. Parent comment

Re:Full consensus for disconnecting Russia from SWIFT achiev... by csomar on Saturday February 26, 2022 @06:25PM (#30483157)
> they burn billions of dollars per day in foreign exchange

Well, given the sanctions they might as well burn these dollars/euros. So maybe it's not that bad to pump their currency rate here.

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Re:Full consensus for disconnecting Russia from SWIFT achiev... by jacquesm on Saturday February 26, 2022 @06:35PM (#30483257)
They could well unload to China, though I'm not sure if that route is still open.
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Re:Full consensus for disconnecting Russia from SWIFT achiev... by ncallaway on Saturday February 26, 2022 @06:43PM (#30483323)
My understanding was that China had restricted to some degree dollar denominated trading.

So, I think they can move their yuan freely to China still, but USD and Euros are harder to move (though not impossible?) in China

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