Thursday, February 9, 2023
198 China News
No Result
View All Result
  • HOME
  • VIDEOS
  • BUSINESS
  • NEWS
    • CHINA USA TRADE NEWS
    • CHINA AFRICA NEWS
    • CHINA EU NEWS
    • CHINA GULF NATIONS NEWS
    • CHINA RUSSIA NEWS
    • CHINA NIGERIA NEWS
    • CHINA INDIA NEWS
    • CHINA UK NEWS
  • POLITICAL
  • IMMIGRATION
  • TECHNOLOGY
  • VENTURE CAPITAL
  • MORE NEWS
    • JOINT VENTURE
    • UNIVERSITIES
    • EDUCATION
    • MEDIA TRAINING
    • MANUFACTURES
    • BUSINESS HELP
    • 198TILG CHINA CEO
  • Contact us
  • HOME
  • VIDEOS
  • BUSINESS
  • NEWS
    • CHINA USA TRADE NEWS
    • CHINA AFRICA NEWS
    • CHINA EU NEWS
    • CHINA GULF NATIONS NEWS
    • CHINA RUSSIA NEWS
    • CHINA NIGERIA NEWS
    • CHINA INDIA NEWS
    • CHINA UK NEWS
  • POLITICAL
  • IMMIGRATION
  • TECHNOLOGY
  • VENTURE CAPITAL
  • MORE NEWS
    • JOINT VENTURE
    • UNIVERSITIES
    • EDUCATION
    • MEDIA TRAINING
    • MANUFACTURES
    • BUSINESS HELP
    • 198TILG CHINA CEO
  • Contact us
198 China News
No Result
View All Result
Home CHINA RUSSIA NEWS

Russia unlikely to withdraw from SWIFT payment system, but can survive without it – VTB bank — RT Business News

by 198 China News
August 8, 2021
in CHINA RUSSIA NEWS
3 min read
0
Share on FacebookShare on TwitterShare on eMail

[ad_1]

Russia’s withdrawal from the SWIFT fee system will occur provided that the EU toughens sanctions on Moscow, which is unlikely, the top of Russia’s VTB financial institution believes.

“I don’t assume [Russia’s withdrawal from SWIFT] will ever occur – until European governments need to take such harsh measures towards Russia. However to this point, even the USA doesn’t have such plans. They would favor to chop us off from the greenback system and impose secondary sanctions on European banks to forestall them from working with us,” VTB head Andrei Kostin stated in an interview with Handelsblatt newspaper.



Additionally on rt.com
‘Vicious’ sanctions are hurting Russia, however Moscow has plan to ditch US greenback & axe dependency on West, International Ministry tells RT


Kostin harassed that Russia stays a part of the worldwide neighborhood and doesn’t need to separate itself from the remainder of the world; nonetheless, if Europe and the USA select to sever ties, Russia has different valued companions and can get by.

“We wish good relations with different nations. If the West doesn’t need to work with us, we’ll work with China, India and African nations. America and Europe usually are not the entire world,” Kostin said.

The subject of a attainable disconnection of Russia from SWIFT – the Belgium-based international community facilitating worldwide financial institution transactions – initially arose again in 2014 after the EU launched its first spherical of anti-Russian sanctions following the reunification with Crimea. Earlier this 12 months the European Folks’s Social gathering (EPP), the most important faction within the European Parliament, once more referred to as for Russia’s withdrawal from the funds system within the occasion of the “invasion of Ukraine.”

Final week former senior adviser to the UK Protection Division Maximilian Terhalle urged the European Union to take the step to be able to “forestall future assaults” from Russia. He made the assertion in an article in Politico journal, through which he warned Europeans of the risk Russia supposedly poses because it prepares to provide the continent with pure fuel via the Nord Stream 2 pipeline.



Additionally on rt.com
EU Parliament mulls block on Nord Stream 2 fuel pipeline & banning Russia from SWIFT system, regardless of leaders’ requires dialogue


The top of VTB says that the introduction of further sanctions towards Russia is pointless.

“They [sanctions] are counterproductive and don’t remedy something. The political dispute can’t be resolved by financial sanctions – negotiations are wanted,” Kostin stated.

In Might this 12 months SWIFT said that it will proceed to work in Russia as regular and there’s no threat that the nation can be disconnected from the funds system.

For extra tales on economic system & finance go to RT’s enterprise part

[ad_2]

Source link

Tags: BankBusinessNewspaymentRussiasurviveSWIFTsystemVTBwithdraw
Previous Post

Leading Israeli gaming firm CrazyLabs acquired by Swedish company

Next Post

Dominic Raab dodges quarantine rules with no consequences – ‘one rule for them, one for us | World | News

Related Posts

CHINA RUSSIA NEWS

Zelensky refuses peace talks — RT Russia & Former Soviet Union

by 198 China News
July 22, 2022
CHINA RUSSIA NEWS

Russia warns about dangers to the Arctic

by 198 China News
July 23, 2022
CHINA RUSSIA NEWS

Die Welt names the three mistakes the West’s made about Russia

by 198 China News
July 22, 2022
CHINA RUSSIA NEWS

Tony Blair wants the West to reign supreme, but ignores his own role in its decline — RT World News

by 198 China News
July 22, 2022
CHINA RUSSIA NEWS

British spy chief reveals top priority — RT World News

by 198 China News
July 22, 2022
Load More
Next Post

Dominic Raab dodges quarantine rules with no consequences - 'one rule for them, one for us | World | News

Messi bids tearful goodbye to Barcelona after 21 years

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Home
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • Cookie Privacy Policy
  • Contact us

Copyright © 2021 198 China News.
All Rights Reserved.

No Result
View All Result
  • Home
  • VIDEOS
  • BUSINESS
  • CHINA USA TRADE NEWS
  • CHINA AFRICA NEWS
  • CHINA EU NEWS
  • CHINA GULF NATIONS NEWS
  • CHINA RUSSIA NEWS
  • CHINA NIGERIA NEWS
  • CHINA INDIA NEWS
  • CHINA UK NEWS
  • POLITICAL
  • IMMIGRATION
  • TECHNOLOGY
  • VENTURE CAPITAL
  • UNIVERSITIES
  • MEDIA TRAINING
  • EDUCATION
  • MANUFACTURERS
  • JOINT VENTURE
  • BUSINESS HELP
  • 198TILG CHINA CEO

Copyright © 2021 198 China News.
All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In