2Yr·
Opinion for $N/A

Even though I have Sberbank & GAZPROM in my portfolio, I am glad that the EU&US is sending the Russian economy into the stone age with the upcoming 3rd sanctions package. That one can make the entire cash reserves of the oligarchs and above all the Russian central bank quasi useless I did not know. In contrast, the additional exclusion from SWIFT is only an atomic bomb.

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If the SWIFT exclusion comes before Monday I will probably lose money, no one knows the exact mechanism. However, I will gladly pay the price. 🇺🇦
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At this point, I would like to ask @oliverplass: what if those affected by the sanctions (should this happen with the Swift procedures) switch to Bitcoin and Co in the medium term in order to maintain payment transactions? What is rumored?
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I'm not up to date just yet, to what extent are cash reserves being sent to the stone age? 😅
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But it affects all banks. Ours too. Russia will not repay any outstanding financing and the banks will be left with the loss.
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The Russians will be able to circumvent the Swift agreement in 1-2 months at the latest, simply via other countries such as Kazakhstan.
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Welcome to the recession. Putin is now in good company with Assad & al-Mahadi. Congratulations. Within 5 days, due to personal sensitivities, all brought against him. As soon as the Sberbanks outside Russia go bankrupt, the national Sberbank will quickly follow. We know how that works.

https://www.tagesschau.de/newsticker/liveblog-ukraine-krieg-montag-101.html#Auch-USA-belegen-russische-Zentralbank-mit-harten-Sanktionen
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