China’s SWIFT alternative may undercut US sanctions — David P. Goldman

Summary:
China’s Cross-Border International Payments System could give Russia a lifeline and accelerate de-dollarization…We can assume that Russia has gamed all this out already and is confident it can weather Western economic and cyber warfare. This post doesn't say anything new, but adds an influential voice saying it.Asia TimesChina’s SWIFT alternative may undercut US sanctionsDavid P. Goldman

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00

Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow

Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten

Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.