As long as China give them financial cushion to blunt sanctions, Putin's gonna have his own way.

Russia-Ukraine conflict will go on longer than Putin thought: Gen. Jack Keane  

 Ingraham: This invasion in many ways was made in China Laura Ingraham says President Biden’s weak presidency helped create the tragedy unfolding in Ukraine tonight. #FoxNews 

 As long as China gives them a financial cushion to blunt sanctions, Putin's going to have his own way.

   

 Sen. Pat Toomey: This is how you bring the Russian economy to its knees 

 Completely isolate Russian banks.

  Do secondary sanctions work? 

  The sanctioning country can prohibit firms and individuals in other countries from conducting commercial transactions with US citizens and businesses, to inhibit their economic relationship with the country targeted with “primary” economic sanctions.

▼セカンダリー・サンクション　制裁対象の国と結びつきが深い第三国の企業や金融機関への制裁を指し、二次的制裁と呼ばれる。北朝鮮による核・ミサイル開発の資金は、中国経由で外貨が流入していると指摘されていた。こうした資金の流れを断つために北朝鮮以外の国の企業に発動した。制裁対象になった銀行は他行から取引を敬遠されるため、効果が大きい。

To prevent an invasion of Ukraine, threaten to sanction Russia's central bank BY MICHAEL S. BERNSTAM, OPINION CONTRIBUTOR — 02/02/22 10:30

If sanctions are imposed on the Russian Central Bank, the $403 billion of its FX electronic holdings in the West could not be used. Russia will be left with little Western cash, unsaleable gold and Chinese bonds.

１）ロシアの銀行と取引した奴を制裁

２）ロシア中央銀行が電子保有しているドルを使えなくする。

 

 The Dollars Have Run Out': Russians Crowd ATMs As Sanctions Take Effect buvery Retweeted

SWIFTの制裁決まってきたっぽい。 https://t.co/uestewDv90

— Yoko Ueda (@yuvmsk) February 26, 2022

 

Pope meets Russian ambassador to express ‘concern over war’ - 198 China News

What is SWIFT?

SWIFT - Society for Worldwide Interbank Financial Telecommunication - acts as the Gmail of global banking services. It was founded in 1973 to end reliance on the telex system, an international system used especially in the past for sending written messages.

How does the SWIFT system work?

On the consumer end, you can think of the SWIFT network a bit like travelling from one airport to another. It’s not always possible to take a direct flight. Which means you may need to travel from one city to another via several connecting flights. SWIFT works essentially the same way. Your money will travel from one country to another, but to do that there are often intermediary/correspondent banks involved.

The SWIFT network doesn’t actually transfer funds, but instead it sends payment orders between institutions’ accounts, using SWIFT codes. It was SWIFT that standardised IBAN (International Bank Account Numbers) and BIC (Bank Identifier Codes) formats. SWIFT owns and administers the BIC system, meaning that it can quickly identify a bank and send a payment there securely.

What does SWIFT mean for you?

As long as your bank is affiliated with SWIFT, then the network can be used to securely communicate a payment order and get your money from one place to another.

Let's assume a Bank of America (BAC) branch customer in New York wants to send money to their friend who banks at the UniCredit Banca branch in Venice. The New York customer can walk into their Bank of America branch with their friend’s account number and UniCredit Banca’s unique SWIFT code for its Venice branch.


Bank of America will send a payment transfer SWIFT message to the UniCredit Banca branch over the secure SWIFT network. Once Unicredit Banca receives the SWIFT message about the incoming payment, it will clear and credit the money to the Italian friend’s account.

国際間銀行送金用電子伝言システム、みたいな？。