Cut off from the world’s main financial messaging system, Russia turned to a domestic alternative. But research shows it fell far short of replacing the global financial network.
Articles on SWIFT payment system
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Our interconnected world is also making us vulnerable to outages.
Despite China’s economic power, the yuan lags as a major global currency. Here’s why current US interest rates and sanctions on Russia may change that.
While the country’s Central Bank may have managed to offset some of the tougher sanctions, the West’s economic broadside has caused long-term damage to “Fortress Russia”.
The sanctions are likely to last beyond the current conflict. This may end up bringing about a solution to Africa’s desire to produce its own military hardware for its own use.
It will take more than Europe’s gas requirement to topple the greenback.
As the world becomes more divided by this war, the Chinese yuan may become the safe haven for Russia and other liked-minded countries.
Over-reliance on sanctions and economic warfare measures have led to strategic complacency and the avoidance of negotiations on the part of the western governments.
Here are the threats being faced by banks, companies and investment funds.
The ultimate crop yields that farmers harvest depends on the use of fertilisers.
The president’s regime has been planning for a trip to the international deep freeze for many years.
Most media coverage has tended to focus on the Swift payments messaging system as the crux of Russia sanctions, but it’s actually peripheral.
Western countries are trying to fight Russia with sanctions, but Putin has taken steps to protect the Russian economy.
Denying Russia’s central bank access to its offshore reserves threatens hyperinflation, a recession and massive unemployment.
By working with allies, the Biden administration has been able to place severe sanctions on Russia – including targeting Putin’s inner circle and banning banks from SWIFT.
Swifts, house martins and greenfinches are the newest arrivals to the UK red list.
PayPal CEO Dan Schulman sees much more potential in blockchain ID than payments at present. He’s absolutely right.
Blockchains and cryptocurrencies are being co-opted by the very system they were designed to overthrow.
If you’re creating an app for an iPad, then why not create it on an iPad too. Is Apple’s Swift move to do this just another step towards the end of the personal computer?
If the banks can’t trust each other’s messages, can you trust the banks?
Top contributors
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Professor of IT, Southern Cross University
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Head of Teaching and Learning Enhancement, Sheffield Hallam University
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Senior Fellow, Department of Agricultural Economics, Stellenbosch University
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Associate Professor in International Development Studies, Dalhousie University
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Professor of Financial Economics, Loughborough University
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Professor & Director, Hub for Apple Platform Innovation (HAPI), School of Computing Technologies, RMIT University
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Senior Lecturer in Economics and Finance, Cardiff Metropolitan University
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Senior Lecturer in Economics, Cardiff University
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Senior Lecturer in Economics, Lancaster University
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Associate Professor of Political Economy, Department of Politics, York University and former Canadian Diplomat, York University, Canada
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Chief Executive, British Trust for Ornithology and Honorary Professor of Biological Sciences, University of East Anglia
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Professor of Economics and former Dean of the Faculty of Economic and Management Sciences, University of Pretoria
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Hesburgh Professor of Peace Studies, Emeritus, University of Notre Dame
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Associate Professor of Finance, Loyola University Maryland
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Professor of Enterprise and Competitiveness, University of Birmingham