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MasterCard intercepts Russian firms; Bitcoin Soars After Latest Sanctions on Russia – Business Live | Trade

Posted on March 1, 2022 by admin

During [recent] Over the years, I met several senior policy technocrats, primarily central banks and finance ministries, and key economic influencers, and I was often amazed at how widespread belief was about Putin’s excellence as a strategist. Was.

I had been expecting some great era of major reforms because of these ideas for a few years, but alas, they never came, and instead, this game of playing on his perception of Western weakness overshadowed his apparent strategic thinking. .

Well, after the weekend, and the announcement of Western financial sanctions, it seems to me that Putin is not such a great strategist.

I don’t know where the idea of ​​freezing the central bank’s foreign exchange reserves came from, but anyone who thought of it came up with a cracker, as well as the removal of major Russian banks from the SWIFT plumbing network by major Western countries. With the bold step of agreeing to of the financial system.

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