A day after easing restrictions on family remittances and travel to Cuba, the Biden administration announced the reversal of some energy sanctions on Venezuela amid widespread rejection of the exclusion of Cuba, Nicaragua, and Venezuela from the Summit of the Americas
Yeah pretty much, I think US made a huge miscalculation with seizing Russia’s foreign assets. If they’re willing to do it to Russia then they could do it to anyone. Any country that’s not a vassal of the US now knows for a fact that they have to decouple from the western financial system in order to maintain sovereignty. Meanwhile, countries trading with Russia are already figuring out alternatives to SWIFT and as these things get ironed out the role of SWIFT will become greatly diminished.
Yeah pretty much, I think US made a huge miscalculation with seizing Russia’s foreign assets. If they’re willing to do it to Russia then they could do it to anyone. Any country that’s not a vassal of the US now knows for a fact that they have to decouple from the western financial system in order to maintain sovereignty. Meanwhile, countries trading with Russia are already figuring out alternatives to SWIFT and as these things get ironed out the role of SWIFT will become greatly diminished.