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  • Puzzled to why the EU G7 nations don’t want to kick Russia from the SWIFT system. Surely a massive overreaction in terms of sanctions is what’s needed, not a slow built up. Slow is fine before the shooting starts but it smells a bit like some people are hoping it’s all done and dusted on the ground before they have to take any really damaging actions.

  • I saw somewhere that SWIFT is needed for the oil and gas that nations are still buying from Russian companies.

  • saw somewhere that SWIFT is needed for the oil and gas that nations are still buying from Russian companies

    Yeah, I doubt they'll do that. Besides, the banking folk are suggesting that Putin's plan B is just to use China's Swift replacement.

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