So far I see propaganda on both sides. You think Western tabloids running on hysteria and no common sense are better? Show me any main Western media that is showing both sides of the story...NONE! They only show 1 side of thr story all the time. They claimed Russians hacked US elections and put Donald Trump in power - how stupid. I know for a fact that Western media is filled with CIA and MI6 people, it is one of their ways behnd most mythologies and narratives like Saddam have WMD (still looking for it), Asad has chemical weapons, and all those lies. The West might be economically strong, but their culture is nothing compared to our old civilizations. They do not have any ties to the lands or the people or the history / culture of the places they plunder. They are only in it for $, no honor.Any reliable source to back up Bla Bla numbers?
Little note: please dont try to use russian media for source for backup-> it is just trash, toilate paper it is no real value
Russians are NOT stupid. They have diversified away from the USD in the currency reserve mix. They hold a lot of reserves in Euro, Yuan and Gold now. In fact, Russia's Gold to its total forex reserves is the highest in the world. Almost 20% of their reserves is Gold. Further, Russia holds only 50% of its reserves - $300 billion - offshore. They have gone through crippling sanctions once before with the Ruble crashing massively and inflation through the roof. If Putin did not learn a lesson from that and implement safeguards, then he would a stupid nutcase and would totally deserve to lose the war and his Presidency. I dont think that's the case.EU to sanction Russian Central Bank, destabilise the ruble
Top European Union officials announced new EU sanctions against the central bank of Russia (CBR) on Sunday (28 February), which will severely limit the central bank’s ability to access its reserves and thus destabilise the Russian ruble.www.euractiv.com
In addition, if you are under such severe sanctions, even that amount of money is next to nothing.
lmaoand was planned well in advance.
It won't make a difference. Russian banks being locked out of SWIFT will collapse the Russian economy.Russians are NOT stupid. They have diversified away from the USD in the currency reserve mix. They hold a lot of reserves in Euro, Yuan and Gold now. In fact, Russia's Gold to its total forex reserves is the highest in the world. Almost 20% of their reserves is Gold. Further, Russia holds only 50% of its reserves - $300 billion - offshore. They have gone through crippling sanctions once before with the Ruble crashing massively and inflation through the roof. If Putin did not learn a lesson from that and implement safeguards, then he would a stupid nutcase and would totally deserve to lose the war and his Presidency. I dont think that's the case.
Russia’s Offshore Cash Mountain
Russia's large holdings of foreign exchange could pose a problem for financial markets.www.finews.com
Of course denying access to Euro means Europe would have to go dark with energy supply cut off. So that's that. Nothing is simple here.
Remember, China and India both have trading arrangements with Russia outside of SWIFT through currency swaps and barter mechanisms. Meanwhile, half of Europe is going to go dark as Russia denies energy supplies. What is the hit to Europe's GDP, which was already hit by the pandemic? What happens to all the poor people in Europe? British Petroleum holds 20% of Rosneft. And scores of other European companies and funds hold gigantic investments in Russian companies including Gazprom, the company that laid the NordStream 2 pipeline. And many of these investments are tied to pension schemes of retired Europeans. Hello - still think all this is simple?It won't make a difference. Russian banks being locked out of SWIFT will collapse the Russian economy.
Worth it! Humanity will stop Russian terrorism..Remember, China and India both have trading arrangements with Russia outside of SWIFT through currency swaps and barter mechanisms. Meanwhile, half of Europe is going to go dark as Russia denies energy supplies. What is the hit to Europe's GDP, which was already hit by the pandemic? What happens to all the poor people in Europe? British Petroleum holds 20% of Rosneft. And scores of other European companies and funds hold gigantic investments in Russian companies including Gazprom, the company that laid the NordStream 2 pipeline. And many of these investments are tied to pension schemes of retired Europeans. Hello - still think all this is simple?