Swift payments network to cut access to crypto exchanges

Re:Swift payments network to cut access to crypto exchanges by CamperBob2 on Saturday January 21, 2023 @05:56PM (#34471612)

What became of the push to disconnect Russia from Swift? Are they still online? If so, why?

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Re:Swift payments network to cut access to crypto exchanges by SXX on Saturday January 21, 2023 @06:20PM (#34471877)

They dont want to disconnect Russia completely. I can't find data for all 2022, but between February and August EU countries paid to Russia around $100 billions for energy resources only: gas, oil, etc. Here is the data till November so it's far more than just $100B:

https://www.bruegel.org/dataset/russian-foreign-trade-tracke...

It's still more money than US and EU countries spent combined on help to Ukraine:

https://www.ifw-kiel.de/topics/war-against-ukraine/ukraine-s...

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Re:Swift payments network to cut access to crypto exchanges by thehumanmeat on Saturday January 21, 2023 @06:00PM (#34471669)

It never mattered.

https://alhambrapartners.com/2022/02/28/swift-isnt-the-nucle...

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Re:Swift payments network to cut access to crypto exchanges by paganel on Saturday January 21, 2023 @06:00PM (#34471663)

Because there are still commercial exchanges between the West and Russia.

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