The sanctions on Russia’s financial system were used to deter Putin from further escalation in the war, but what are the risks?
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Sources:
https://edition.cnn.com/2022/03/02/investing/default-sanctions-russia/index.html
https://files.stlouisfed.org/files/htdocs/publications/review/02/11/ChiodoOwyang.pdf
https://finance.yahoo.com/news/central-bank-russia-launches-swift-154004953.html
https://www.investopedia.com/articles/personal-finance/050515/how-swift-system-works.asp
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Hey Dagogo here. So what do you guys think? Also check out the new podcast I co-host "Through The Web" which touches on these topics, and more, in depth: https://youtube.com/channel/UC6jKUaNXSnuW52CxexLcOJg
The sanctions against russia and all military aid provided to Ukraine are needed to ensure Ukraine defeats russia totally. This outcome will ensure that no rogue dictator in the nearest future decides to invade and colonise neighbouring country or outright commit genocide against its people as it happens now. The possibility to occupy other countries, commit atrocities and get away with it will forever destabilise global security and as a consequence economic growth if not forever then for a very long time. Sanctions are thus working for the greater good in the long term. Tightening the belts for some years is a small price to pay for long term stability, let alone punish for crimes russia commits. Defeating russia quick also means cheap resources needed for prompt restoration of the world economy, so it’s plausible that the impact won’t last long after Ukraine wins and is net positive once invaders start paying reparations.
6:27 wow that's a really interesting way to frame blocking a despotic regime from accessing western banking…
Multipolar financial system I been talking about for years no one listened tho
Multi polar financial system
@coldfusion can you do a video on brics
Papa Putin, feel the resistance
How are the sanctions working out guys? EU economy sinking and Euro + GBP at their lowest levels. Oh well…
Make this video now please
end of petrodollor is very important for world peace
Such high quality content. Thanks for making stuff like this.
War only has losers. Hope things can be solved soon enough for the better of all.
6 months later you called it man, the euro fell below the dollar and the Russian rouble is performing brilliantly
and imagine how much china made on gold prices increasing? insane amounts cause they have most gold in world. i bet its trillions of euros.
in long term usa will have major issues over they dollar bill. world will turn to chinas currency or ruble instead. russia will exist without world, world cant exist without them. as stupid it sounds, future is to prove me right!
Finally, not something along the lines of "bomb Moscow RIGHT NOW" bullshit that has flooded the Plebbit. Thank you!
To other commenters – our intent to build an independent economy is only natural after being Europe's lowest-pricing gas station for the last 30 years.
And I, as a representative of the middle class, can say that the paypal/SWIFT restrictions were the most painful for me so far. No food shortages, prices went up at about 20% and stopped there. Gasoline is even cheaper than it was before Feb 24th.
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in the US.
And how badly had all those sanctions backfired in the collective west faces. Where were all the outrage when NATO and UK bombed Libya illegally and destroyed the country, illegal invasions of Afghanistan and Iraq by US and many more. There is no reason for the EU and other countries to sacrifice anything for Ukraine because it's a US proxy war fought against Russia via Ukraine.
To be honest I just can't hear all those people crying about the economy anymore. You know what is really expensive? A third world war. And after a nuclear war the economy isn't even going to be among the top 100 problems of the last, slowly perishing humans. Too many countries have ignored Hitler for too long. We shouldn't make the same mistake with Putin! Even if our economy suffers. I'd much rather have a recession now than a world war in five years.
Hello from the future: The EU and the US shot themselves in the foot by sanctioning Russia.
Why they need to start a war and murder Ukrainian kids just for their mere geopolitics? Aren’t we living in vegan times when a human is a friend of other human? Or are we still in the time when you need to hit other people with a rock 🪨 to get what you want?
Hi
I will tell you what will happen in the global economy that is so hard to predict . Hipper inflation – people will not use money for goods . Finally people will appreciate the most valuable NOT MONEY that are printed every second but food and water and etc . I watch your videos quite some time now and it seems to me that every rise of the American economy and some ,,relevant" company after 10-20 years it result with one big fraud and every one of them results into robbing the ordinary people and their savings ex: 1. 65 billion – Madoff / 2. Enron / 3. Theranos 4.we work and many many more on this channel that are put together very good . Hehehe I did not encounter such big fraud in any other country like Russia China India they have issues but not like this ones . And i ask WHY ? And the answer is Because they have economy that is based on producing goods and they have goods like weed and gold and fuel they don't make fog- ,,investment " they produce . You want to make bigger and strong economy to fall when you economy is just one big fraud . And that is my humble conclusion . Thank for the videos they are very informative .
All they needed to do was to address Russia's security concerns
Conflict, Dagogo? This is the war! Aggressive, preparatory war.