Some nations within the European Union (EU) have reservations about reducing Russia off from the SWIFT funds system, however France will not be one among them, French Finance Minister Bruno Le Maire stated on Friday
Talking on the sidelines of a gathering together with his EU counterparts in Paris, Le Maire stated the European Central Financial institution was anticipated to ship an evaluation “within the coming hours” in regards to the penalties of what he known as utilizing the “monetary nuclear weapon”.
“All choices are on the desk,” he added.
Russiaβs invasion of Ukraine will sluggish European financial progress this 12 months by way of larger power costs and decrease enterprise confidence and to some extent commerce, however the European Union is prepared for it, the EU finance officers stated.
European Central Financial institution head Christine Lagarde stated the principle influence of the battle in Ukraine was prone to come by way of larger power costs and the uncertainty that may hit enterprise confidence and consumption.
“At this cut-off date, fuel costs stand about six instances, six instances as excessive as one 12 months in the past and oil costs 54 per cent larger than one 12 months in the past,” she informed reporters.
Slight tweaks, given first reference I did increase European Union within the first sentence then did the EU abbreviation in parenthesis. In any other case seems good. I am not stunned although, sure nations within the EU closely depend on Russia for a lot of its oil like Latvia so it is not a shock they’re iffy of kicking them out of SWIFT.
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#GlobalNews #RussiaInvadesUkraine #RussianSanctions
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I've just donated to Unicef.
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At first I didn't understand why India news support Russia. Seems India buys Russian
military equipment. India's president Modi is not much better than an authoritarian
dictator… he's scummy.
After all the USA invasions and atrocities committed, how come nobody ever demands cutting off the βUSA from SWIFTβ – I guess βcowardice runs deepβ.
You know these are strange times when France is being brave and Germany is cowering.
Sounds like a bunch of rich bankers are getting nervous about their assets. Please. We have to restrict Russia from SWIFT and untangle our energy. We all knew this had to be done out of security concerns, otherwise we can just be bullied into anything Russia wants.
Would it lead to some price increases in the short term? Possibly. Is it necessary? Yes. Is it worth it? Absolutely. Listen to the people. I'm so disappointed in the few countries that have been dragging their feet, some of which are luckily getting on board. Germany, we're all looking at you.
Putin knew all the West would come up with was meaningless Blah Blah. That's what we have become, Nations of Woke impotent Masters of nothing except our own meaningless jibber jabber
Maybe if the Ukraine wasnβt rearming itself with NUCLEAR weapons, therefore VIOLATING the Budapest Memorandum then the Russians wouldnβt need to clean up the USA and UK turning a blind eye.
There are five sides to this storyβ¦. The Russian side, the US side, the British side, the Ukraine side and the TRUTHβ¦
Just like the SARS CoV-2 charade, this distraction will lead to many having egg on their face, as they hang their heads in SHAME.
Not to mention, nothing stimulates an economy like a warβ¦
18:00 Ukrainian authorities begin to admit, albeit partially, that they lied about Serpent Island, Border Service statement.
sorry folks i an canadian european. and i do not give a chit for what the elites did
to europe for the past 50 years. the elite and joe biden wanted this war. for an excuess
to raise prices. always follow the money. war covid 19 etc
These ignorant countries are Hungary, Germany and Cyprus. Why? They want the Oligarch $$$$$$$$$$$$ in their banks. SHAME!!!!!!!!!!!!!!!!!!
MAYBE IF YOU DIDNT BECOME DEPENDENT ON RUSSIAN FOSSIL FUELS BY SHUTTING OFF YOUR NUCLEAR PLANTS WOULD YOU BE WORRIED ABOUT FOSSIL FUELS
All you European can cut whatever swift or ties with Russia, if you really want.
Because the loss are not on Russian but only on your side.
As you are just asking for more troubles for your own.
Adding fuel into the fire ain't enough but fanning up the flames to make it grows even more bigger, are what you western bullies is really good at.
Don't just only talk but no action.
Otherwise, it's more than just a fart.
I'm guessing some EU countries agreed with Putin Hitler killing innocent people in Ukraine and not rushing into stoping bloody oil lets keep Putin Hitler Rich π€ππ
Back to gold…
Let Russia have the Ukraine. We could bring the people her, and give them Newfoundland to live in('bout the same size). Stop the bloodshed, now!
Why is America trying to put nukes in russias back yard, did they not know that russiawoulddo what they have to, to protect themselves??????
I pray the great Jesus will give the big Russian bear strength and resolve to stomp out all hearts of the Ukrainian nazi's.
Why does Germany say Nothing. money Talks. So sad.
There is NO SANCTIONING of energy exports from Russia, so cutting Russia from SWIFT makes no sense – it will have NO EFFECT without sanctions on energy exports.
The cost of the one hundred dollar bill is $0.14 cents per bill and right now you can buy a barrel of oil, with a single piece of paper, which is a big deal, from the country that produces the dollars, to control the purchase and sale! of the oil!
It has nothing to do with the democracy of the countries!
El costo del billete de cien dΓ³lares es de $0.14 centavos por billete y ahora mismo se puede comprar un barril de petrΓ³leo, con un solo pedazo de papel, que es un gran negocio, Β‘del paΓs que produce los dΓ³lares, para controlar la compra venta del petroleo!
Β‘No tiene nada que ver con la democracia de los paΓses!
Germany can stall the closure of their nuclear plants therefore solving any energy crisis they might experience. There are many countries in the world with resources to sell. You need to cut Russia from SWIFT to send the message of "OK we don't want WW III so we won't help Ukraine defend their country, but if you're going to be an ahole you can do it without the support and benefit of the rest of the world. You're on your own". Also, any of you fools defending Russia are either low IQ zealots or work for the Russian gov't in the propaganda department so shut your yaps.
It wonβt work. Russia will adapt to the China based equivalent to Swift.
Why are you covering this, but noting about in canada thr terror trudeau is doing to his people
Ukraine πΊπ¦ is a sacrificial πππ‘π°π·πΆπ«π£
ok so… the solution is to rise the price?!! i should of known!
what he's really saying is ;'' we are going to take advantage of this even before it become a crisis…'''
A country like Germany should drop out of NATO and start hitting the Russians in Ukraine… Russia is not going to take this nuclear… someone needs to call the bluff… mind you it means war… but might be enough to make them stand down….
A attack on one is a attack on all… ok we back out of nato… let's have at er
and how many billions spent on NATO, UN and all the global bureaucracy that take… cant even protect an innocent country…
they will go in any non nuclear country tho and make unbelievable messes…
Extenuating land and its resources means power, control and money for a
select few.
Putin is surrounded and supported by Russia's billionaire industrialists
who want more land and its potential availability to make more money.
Putin himself will make more since he takes a portion from these rich
entrepreneurs.
Money and power corrupts and can even drive men into dangerous paranoid
insanity.
Once a man starts to murder others to protect his positional stature of
power and money, all fairness and justness are off the table. They
inevitably become a danger to others and eventually to themselves.
Enough of the post war ceremony. Just get ww3 started already, we know youβre all going to fight
All countries that donβt 100% completely cut off Russia from the world economy the people of earth should boycott all products from those countries. Grow a set of balls
Garbege news from CBC and Global. City Jews
They are digging Putin's grave with their bare hands because Germany refused to tool them up!.. If the Ukrainians hadn't resisted successfully, the Western world would have been demanding Kyiv be making concessions to Putin by now. Canadian troops are the only ones who stayed in Ukraine as two full battalions – a full foreign army standing in solidarity against this monster. There was a Berlin-Putin pact that greenlit the invasion. Now even Berlin is offering help to cover it's earlier treachery. Canadians should take delivery of the German arms to be sure the supply train doesn't get hit by Russia. All glory to the Ukrainian heroes!
Some countries have doubts . . . . well, get over 'em! The second-biggest mistake all countries make (after going to war) is thinking those can be won on the cheap! Go in fast, hard, total! Since nobody's talking about (and sensibly so) invading Russia, then go after it and Putin with everything else possible!
Sounds like nobody thought ahead when they got so pious about fossil fuels yet start to rely on forgien supplier. I just dont know about these progressive govts.
Putin has already calculated this into the possible sanctions he could be facing and is not one bit impressed by the attempts. You need up your chess game EU.
Not all EU countries are complicit in arming nazi militants in Ukraine for the last 10 years and it shows
France is stating member states are hesitant because they worry about the pain of their citizens, but not France, they don't care about the pain of their citizens. Gotcha. I guess the French really hate themselves.
Oil companies are gonna make alotta Cash
Germany is an ally of Russia and is damaging the entire Western world by doing business with Putin. Germany bears moral responsibility for what is happening in Ukraine.
China will be happy to buy all gas of Russia
SWIFT new sheriff is n town
Blockchain the internet of value. πππ
Keep your fiat unlimited printing garbage ππππππ
Not long ago Ukraine was seen as being a corrupt country what changed, Biden and the big guy are calling the shots in Ukraine's civil war π€
United Kingdom got out of European Union, I bet Ukraine doesn't want part of this monetary mess either.
I trust Putin more than I trust Biden and his dirty deals in Ukraine.