Full consensus for disconnecting Russia from SWIFT achieved, process has begun

Re:Full consensus for disconnecting Russia from SWIFT achiev... by phire on Saturday February 26, 2022 @07:13PM (#30483678)

China was siding with Russia right up until Russia started invading. Since then, China has been uneasy with this move.

Some of their state owned banks have suspended financing of Russian resources purchases [1]

And they really disliked Russia's declaration of the independence for the separatist regions in Ukraine. As a country with several separatist regions (including Taiwan), China simply can't agree with with the concept that an external country can declear one or more of it's regions as independent.

[1] https://www.bloombergquint.com/global-economics/chinese-stat...

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Re:Full consensus for disconnecting Russia from SWIFT achiev... by BbzzbB on Saturday February 26, 2022 @08:17PM (#30484278)

Wouldn't the result of Russia losing all it's allies be an even more unstable situation? Assuming others follow suit to China, tho I have no idea how realistic that is, for instance India isn't close to China AFAIK. Barring an internal coup, in the desperation of getting truly economically and politically isolated I could imagine an angry autocrat going for an true all-in.

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Re:Full consensus for disconnecting Russia from SWIFT achiev... by sillysaurusx on Saturday February 26, 2022 @07:23PM (#30483793)

Thank you for pointing this out. I'm happy to hear that China is divided on this issue.

Much appreciated.

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Re:Full consensus for disconnecting Russia from SWIFT achiev... by eunos on Saturday February 26, 2022 @10:25PM (#30485095)

I think they suspend financing dollar since it's sanctioned but can still continue to finance in RMB.

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