G7 Threatens Russian SWIFT As Panic Grows Over Financial Support From 150 Banks

G7 Threatens Russian SWIFT As Panic Grows Over Financial Support From 150 Banks
Sean Foo

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79,220 views Jun 3, 2024
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As the economic war continues, the G7 is now looking to target banks that are in Russia's "SWIFT" system. This could mean heavy sanctions on 150 banks that deal with Russia in dual-use goods. However, this will likely backfire and build up China's alternative financial system as a consequence. This could accelerate de-dollarization and the exodus away from the West even further.

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✅ Timestamps & Chapters:
0:00 G7 Targets Russia's SWIFT
3:08 This Will Backfire Badly
6:08 China's Alternative Growing Fast
9:05 Western Financial System Under Threat
12:18 Economic Fragmentation Won't Stop

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