China’s SWIFT alternative may undercut US sanctions

[Viet]

Unlike the West, China does not seek to threaten or humiliate Russia. It fully understands the importance of maintaining geopolitical balance, as without Russia, China would stand alone against the West aggression.
As far as Russia is concerned, it has an abundance of land and resources. You don't need to worry about its economy. Looking back at the devastation of the Vietnam War, would any Vietnamese consider the war not worth the effort?

You can’t compare the Vietnam war with Russia’s war of aggression against Ukraine. There is no justification. Putin has bloods in his hands.

I am generally sympathetic with Russia. USSR was Vietnam military ally. But Vietnamese never support aggression no matter coming from US, China or Russia.

 

[Zsari]

You can’t compare the Vietnam war with Russia’s war of aggression against Ukraine.

Sure you can. S. Vietnam was a sovereign country recognized by 87 states.

 

[emotionless_teenage]

Bitcoin and Ethereum.

PoW crypto consume too much energy and there's also latency issue

A US based technology, no thanks.

Americans are masters of abusing every possible leverage.

might as well don't use the internet then

 

[Viet]

Sure you can. S. Vietnam was a sovereign country recognized by 87 states.

N and S Vietnam is similar to N and S Korea. Russia and Ukraine have nothing in common. Otherwise Germany can invade the entire Europe again. Germany can claim there are lots of Germans living in Swiss, Austria, France, Poland, Czech, Russia. And all of them threaten Germany.

 

[Zsari]

N and S Vietnam is similar to N and S Korea. Russia and Ukraine have nothing in common. Otherwise Germany can invade the entire Europe again.

Since when was the entire Europe Germanic? Yes, N.& S Vietnam is similar to N.& S. Korea as they are the same people, just as Ukraine\Belarus\Russian are all E. Slavs.

 

[beijingwalker]

Russia can’t sustain a long war. Putin has $630b in forex reserves and gold. The West now seize them because most are not held in Russia. Russia banks will run out of money soon. Even the Swiss follows the sanctions. Putin is naked.

Sure, Putin can buy everything cheap in China.

Where is your source? you don't expect us to buy your stories like Vietnam raised 7 million dollars to take on Alibaba, do you? lol..

 

[Song Hong]

Cutting Russia from SWIFT? US would rather sell Ukraine to Russia.

This is the biggest de dollarization of the world biggest resource rich country, Impact will be higher than Saudi ditching dollar.

US will be committing suicide. US talk talk talk, wont do it.

 

[casual]

I dont think China is 100 % loving the situation

This event will make energy and commodity prices high and will likely stay high for quite long. Many factors has made the energy and commodity prices high like the transition of the world economy into a green economy, and this event will give more supporting factor for energy and commodity prices to be more expensive and will likely remain at that price quite long.

Palm oil chart

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Oil price chart

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Gas Price

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Coal price chart

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Discounted energy from Russia will offset some of the pain.

most importantly, with US distracted by Russia, China hopes it can develop in peace again.

 

[Indos]

Discounted energy from Russia will offset some of the pain.

most importantly, with US distracted by Russia, China hopes it can develop in peace again.

I dont think it is discounted price since Russia energy exports are not part of the US and NATO sanction.

Huge project being signed are also signed before the war happen

 

[casual]

I dont think it is discounted price since Russia energy exports are not part of the US and NATO sanction.

Huge project being signed are also signed before the war happen

for now that's the case. But long term, core of Europe will try to move away from Russian energy. China will be keen to make up that difference. Even if not at a discount, Russian energy don't have to be transported though the Indian ocean making it a much more secure source.
In the past Russia was careful to not become too dependent on China. Now they don't really have a choice.

 

[Indos]

for now that's the case. But long term, core of Europe will try to move away from Russian energy. China will be keen to make up that difference. Even if not at a discount, Russian energy don't have to be transported though the Indian ocean making it a much more secure source.
In the past Russia was careful to not become too dependent on China. Now they don't really have a choice.

Invading Ukraine is actually not a best interest of Russia long term development, but some time we could have aggressive leaders in our top leadership, we can see Soekarno is one of them, even Soeharto still has history of invading East Timor in 1976-1977.

Russia should improve their manufacturing and FDI instead of waging war in Ukraine, but maybe the next Russian President will be more rational than Putin.

 

[casual]

Invading Ukraine is actually not a best interest of Russia long term development, but some time we could have aggressive leaders in our top leadership, we can see Soekarno is one of them, even Soeharto still has history of invading East Timor in 1976-1977.

Russia should improve their manufacturing and FDI instead of waging war in Ukraine, but maybe the next Russian President will be more rational than Putin.

Putin sees Ukraine joining NATO as an existential threat. If he could have used economic or political influence to prevent Ukraine joining NATO he would have used those. However, the only card he has is the military option. For Putin, the cost to Russia's long term development was worth it.

Russia is different than China or Indonesia. They have alot of resources and not many people which means they can just focus on resource extraction and live very well.

 

[Song Hong]

If you do not have security, you do not have economic growth. Putin is 70 years old, he has no time. His successor may not be able to pull this war off. Putin has in his vision, Russia 200-300 years later.

This is a short term pain, but in long term, its success will be an important event for russia,

 

[Viet]

for now that's the case. But long term, core of Europe will try to move away from Russian energy. China will be keen to make up that difference. Even if not at a discount, Russian energy don't have to be transported though the Indian ocean making it a much more secure source.
In the past Russia was careful to not become too dependent on China. Now they don't really have a choice.

Putin will give the fate of his country into the hands of chinese communists. That’s the most ironic thing in history.

Putin sees Ukraine joining NATO as an existential threat. If he could have used economic or political influence to prevent Ukraine joining NATO he would have used those. However, the only card he has is the military option. For Putin, the cost to Russia's long term development was worth it.

Russia is different than China or Indonesia. They have alot of resources and not many people which means they can just focus on resource extraction and live very well.

NATO is a defense treaty there is zero threat to Russia. Only most delusional people believe Estonia will attack Russia. Putin thinks himself to make his country relevant.

putin just be angry because nobody in Europe takes him seriously only sees Russia as a gas station. Nothing else.

 

[Indos]

Putin sees Ukraine joining NATO as an existential threat. If he could have used economic or political influence to prevent Ukraine joining NATO he would have used those. However, the only card he has is the military option. For Putin, the cost to Russia's long term development was worth it.

Russia is different than China or Indonesia. They have alot of resources and not many people which means they can just focus on resource extraction and live very well.

I expect Putin will intentionally curb oil supply to the market in order to make oil price still high (and it lets to expensive gas price will likely to stay at current price as well ). If oil supply is overwhelming the market and the price is drop, it is easier to USA and NATO to sanction Russia energy sector.

Russia has good power in OPEC + and so far Saudi also dont want the current price to drop. Both of these influential oil exporter in OPEC + group will try to keep oil supply at a rate where it can hold the price of oil at 80-100 USD per barrel.

They will make adjustment if Iran nuclear deal negotiation let Iran to freely export oil and gas again