Re:Russian central bank confirms block on foreign bids to se...
by zzzeek on Monday February 28, 2022 @08:56AM
(#30499815)
if such a fantasy situation were true, it would mean world governments would have vastly less leverage to pressure Russia to end their attack, greatly increasing the chance of a longer and possibly more widely-involved war, and in the more general sense making such countries much more comfortable for war mongering despots to flourish (for some awful definition of "flourish"). The Russian financial situation is a feature, not a bug, of a regulated financial system.
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Re:Russian central bank confirms block on foreign bids to se...
by tomp on Monday February 28, 2022 @10:29AM
(#30500849)
The financial system is controlled by the US, so it's just another weapon for the US to wield. Countries that want to remain sovereign (independent of the US) like China and Russia would do well to avoid it, and create an alternative system.