Russia and SWIFT

Russia and SWIFT

Strategic Council Online – A spokesman for the Russian Foreign Ministry recently announced that Russia is preparing to be removed from SWIFT. His remarks came in response to a European Parliament resolution calling for Russia to cut ties with SWIFT if it continues to invade Ukraine. The question now is how feasible is this Russian move? What are its implications for SWIFT and international trade? What are the roots of this decision and how far can the countries involved in SWIFT go with the option of sanctioning and leaving SWIFT?
Reza Majidzadeh – Researcher of development political economy

Future of Chinese and Russian SWIFTs

Future of Chinese and Russian SWIFTs

Strategic Council Online – Professor of Political Economy and Public Policy Department at Allameh Tabatabaei University, explaining the features of the Russian and Chinese SWIFTs, said: What could become the strong point of the Chinese and Russian SWIFTs is that if the volume, number, and scope of US sanctions expands in the world; those could become the SWIFT of the US-sanctioned block, and they could gain tremendous maneuvering power in the world of economics.

Euro Overtaking USD in SWIFT; Defeat of Dollar’s Monopoly?

Euro Overtaking USD in SWIFT; Defeat of Dollar’s Monopoly?

Strategic Council Online – For the first time in eight years, the EU-based euro remittances have surpassed US dollar-denominated exchanges, according to the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
Reza Majidzadeh – Researcher in Development Economics

The decline of US power and how it goes progressive

The decline of US power and how it goes progressive

Strategic Council Online—Interview: An expert of international relations says economic inequalities, discrimination and injustice in the United States would ultimately lead to the further fall of the US power.

‘Club of Sanctioned’ Initiative to Counter US Sanctions

‘Club of Sanctioned’ Initiative to Counter US Sanctions

Strategic Council Online: In case of establishment of the ‘Club of Sanctioned’ the effectiveness of the sanctions tools, including synergies between the economies of the sanctioned countries, by using techniques such as expanding multilateral pacts, creating alternative financial messengers for SWIFT and initiating new financial platforms make these countries immune from US trade sanctions.

– Seyyed Mohammad Reza Mousavi / Political Economy Researcher, Office of Economic Diplomacy Studies, Imam Sadegh University
– Amir Hossein Arabpour / International Political Marketing Researcher, Office of Economic Diplomacy Studies, Imam Sadegh University