Project Sword
At present, Western countries are still promoting their own "hegemonism" and trying to strangle all countries that "do not obey orders" in the cradle. Like Iran in the Middle East, it has been restricted by Western countries for decades. There is also Russia, which has also been restricted by Western countries. Especially after the conflict between Russia and Ukraine, Western countries have stuck Russia's neck in the field of financial payment and do not allow Russia to use the Society for Worldwide Interbank Financial Communication (SWIFT) transactions.
Western countries reference news network reported that in the summer of 2022, Western countries did not allow Russia to use SWIFT to trade with other countries, trying to hit the Russian economy hard. But many countries have privately traded with Russia and even helped Russia bypass sanctions in other ways, which has kept the Russian economy stable overall. And such an outcome is not what Western countries want to see, so they decided to intensify their crackdown this year and strictly prohibit other countries from helping Russia use SWIFT.
In fact, Russia has long been prepared to take other ways to guarantee its own financial transactions. After the dialogue with Iran, the two countries officially announced that they would "abandon" SWIFT and that the two countries would enter into a direct transaction. In other words, Iranian exporters can provide bills in Iranian currency and withdraw cash from Russian banks in Iran. At the same time, Russian exporters can also provide ruble bills and then withdraw cash from Iranian banks within Russia.
So far, Iran has achieved direct transactions between the two countries that have been stuck by Western countries. It is worth mentioning that Russia is preparing to do more than that, it is also negotiating with other countries in order to completely abandon SWIFT and make its financial payments no longer restricted. Obviously, Russia is going to go head-to-head with the West again, which will inevitably have serious repercussions on both sides.
You know, Russia's counterattack will have a serious impact on the economies of Western countries. Russia is the most important natural gas country in Europe. If Russia restricts natural gas exports, it will inevitably lead to a shortage of natural gas in Europe, push up energy **, and affect industrial production and residents' lives in European countries. In addition, Russia also has abundant oil resources, and if Russia restricts oil exports, it may cause global oil to affect the energy of Western countries.
Oil is not only this, Russia is also an important exporter of raw materials in the world, such as aluminum, nickel, palladium, etc. If Russia restricts the export of raw materials, it will also lead to global raw materials *** pushing up production costs, affecting the manufacturing and construction industries of Western countries. In addition, Russia is also an important producer of steel and copper, and if the export of these products is restricted, it may lead to a tightness in the global market**, affecting the infrastructure construction and manufacturing development of Western countries.
In addition, Russia and Ukraine are both important global exporters of grain, such as wheat and corn. If Russia restricts grain exports, it could lead to global food shortages, pushing up food ** and affecting food in Western countries**. In addition, Russia is also an important fertilizer producer, and restrictions on fertilizer exports will affect global agricultural production and exacerbate food shortages.
Moreover, if Russia restricts imports and exports**, it may cause companies in Western countries to lose market share, affecting their operating income and profits. In addition, Russia is also an important technology exporter, and if technology exports are restricted, it may affect the development of the technology industry in Western countries, leading to a slowdown in technological progress and affecting their competitiveness.
Russia is not only here, but also has an important position in the European investment market. If Russia takes retaliatory measures, it may lead to an increase in the investment risk of Western companies in the Russian market, affecting their investment decisions and profits. In addition, Russia is also an important source of overseas financing, and if Russia restricts overseas financing, it may affect the financing costs of enterprises in Western countries, leading to a decrease in investment, affecting their economic growth and development.