SWIFT

Will SWIFT become America’s latest financial weapon against Russia? (Video)

In a recent speech made to Congress last week, US Deputy Secretary of the Treasury Sigal Mandelker has confirmed that the US Treasury has frozen Russian-owned assets in the United States worth hundreds of millions of dollars as part of Washington’s sanctions campaign against Moscow since 2013.

“The actions of the US Treasury have had significant consequences for the financial interests of individuals and businesses that were affected, including the blocking of hundreds of millions of dollars of Russian assets in the United States.”

Russia further mitigates possible effects of western sanctions with SWIFT alternative

With threats of further anti Russia sanctions blowing about across the American political landscape, Russia has been hard at work at both neutralizing the effects of existing sanctions as well as insulating itself against further sanctions.
Those efforts include reducing Russia’s utter economic dependence on oil, stockpiling gold, and creating its own alternative to the SWIFT banking system for domestic transfers, among others.
RT reports:

De-dollarization and the rise of Bitcoin. Is there a connection between the two?

De-dollarization has become popular, not only with countries like China, Russia and Venezuela (for reasons including sanctions and trade disputes), but also for individuals looking to diversify their holdings and liberate themselves from central bank, fiat control.
The Strategic Culture Foundation’s Federico Pieraccini examines if Bitcoin’s growth is connected to the global de-dollarization trend.
Is Bitcoin a Reaction to US Dollar Hegemony?” by Federico Pieraccini…

Russia’s plan to free itself from the US dollar is working better than anyone ever imagined

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