In 2022, the US kicked Russia out of the SWIFT system, causing significant losses for Russian businesses and ordinary citizens. Even Switzerland’s traditionally neutral banks joined this looting. The monopoly over the financial system and global currency once gave the U.S. and EU such capability, but at the 2024 BRICS summit, Western countries permanently lost this advantage.
Previously:
Russia outlines proposal for BRICS DLT cross border payment system
The path of the EU and the U.S. on Ukraine is defining not only the West’s long-term interests but also the key geopolitical players involved. A Russian look at two key diplomatic players.
Eastern Roots For Western Duo Staring Down Moscow
Ms. Cat’s Chronicles 
You must be logged in to post a comment.