Скачать или смотреть How does Russia plan to overcome western economic sanctions? | The Geostrategist

In March 2022, sanctions from the United States and its allies were implemented against Russia as a result of the invasion of Ukraine in February. Freezing central bank assets, blocking western companies to trade in the Russian market and sanctioning certain individuals are some examples of the measures imposed.

But maybe the most meaningful was the decision made by the US and its European allies to block Russia from the SWIFT international financial transfer system. Banning the major Russian banks from accessing the system turned out to be a nightmare for its currency value, as the ruble has been recording historic falls against the dollar.

However, since the 2014 instability in the Crimean peninsula, Russia has come up with a strategy to decrease its dependence on the western system of financial transfer by creating its own. In this video, we’ll see how Russia’s SPFS system might help the country overcome the economic setbacks created by western sanctions.

For more information:

Russia’s SPFS System - Central Bank of Russia: https://www.cbr.ru/eng/Psystem/fin_ms...

Sanctions on Russia - BBC News: https://www.bbc.com/news/world-europe...

Russia blocked on SWIFT - BBC News: https://www.bbc.com/news/business-605...

Russia & China partnership - Business Insider: https://www.businessinsider.com/china...

Also check:

What are NATO’s current borders?:    • What are NATO's current borders? | The Geo...  

Why Global Britain should be considered?:    • Why Global Britain should be considered? |...  

What is France’s Post Pandemic Plan?:    • What is France's Post Pandemic Plan? | The...  

● If you have enjoyed the video, please consider clicking the like and subscribe buttons! ●