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yeah i will definitely be interesting to see what India does here. They buy most of there military equipment form Russia apparently
The question isn’t whether Russia will be hit hard by the sanctions, but whether it will be hit harder than the west and whether people in Russia are more willing to put up with that than people in the west are.
I think sanctions in the future will become increasing hard to implement due to crypto. i suspect that might be the cause recent price nice of cryptos but I don’t know if we are there yet. There is some evidence of Russia oligarch using crypto as a means for wealth preservation but major business are still using the legacy banking system which can be easy attached, just look at whats happening with swift.
I really can’t see India decoupling from Russia both because they’re economically and militarily tied to Russia, but also because they see themselves as a sovereign country and are offended by US telling them what to do.
In terms of crypto, I definitely don’t think it operates anywhere close to the scale that state banks operate on. That said, Russia did say that they would accept bitcoin as a form of payment.
yeah i will definitely be interesting to see what India does here. They buy most of there military equipment form Russia apparently
I think sanctions in the future will become increasing hard to implement due to crypto. i suspect that might be the cause recent price nice of cryptos but I don’t know if we are there yet. There is some evidence of Russia oligarch using crypto as a means for wealth preservation but major business are still using the legacy banking system which can be easy attached, just look at whats happening with swift.
I really can’t see India decoupling from Russia both because they’re economically and militarily tied to Russia, but also because they see themselves as a sovereign country and are offended by US telling them what to do.
In terms of crypto, I definitely don’t think it operates anywhere close to the scale that state banks operate on. That said, Russia did say that they would accept bitcoin as a form of payment.