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Visa, Mastercard block Russian financial institutions after sanctions

reuters.com

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Re: Visa, Mastercard block Russian financial institutions after sanctions

#101

Post by sampo »

nnx wrote: post #84
scandox wrote: post #74

Earlier quoted context omitted.

Going by history sanctions do tend to entrench authoritarian rulers. I still think there isn't any choice. He used the "Nuclear" word and now I think Europe's policy will be containment for a very long time. Edit: added "be"

> I still think there isn't any choice I don't think we tried to push for Ukraine as neutral state, like Finland, did we? Does EU/NATO really NEED Ukraine to join them? Seems like it would be a simple peaceful discussion worth having rather than risking more suffering. Discussion might not work... but the fact it's not even on the table is absolutely insane.

> I don't think we tried to push for Ukraine as neutral state, like Finland, did we? Does EU/NATO really NEED Ukraine to join them?

Yours is an imperialistic attitude. The question is not, how could EU or US or NATO or Russia push Ukraine about. The question is, what do the Ukrainians themselves want or need.

Re: Visa, Mastercard block Russian financial institutions after sanctions

#102

Post by glogla »

forgingahead wrote: post #99
marius_k wrote: post #90

Earlier quoted context omitted.

I see downvotes are coming. I am sorry for spamming it here. I just feel desperate to do something.

You seem like a kind soul and the horrible situation is undoubtedly having an effect on you. That said, the best thing to do is to write to your government representative to request they support a de-escalation of this situation, and then switch off the news and social media. Unfortunately, the war machine is in overdrive and lots of wicked parties are using media propaganda to escalate emotions amongst people. The o…

"Support peace" here means "make sure invasion of sovereign nation goes unpunished".

The best anyone can do to make the world better place is support the world again the Russian aggressors and war criminals. People "asking for peace" and "deescalating" are just on the side of the aggressors and war criminals.

Re: Visa, Mastercard block Russian financial institutions after sanctions

#103

Post by kasey_junk »

sudosysgen wrote: post #26
solatic wrote: post #24

Earlier quoted context omitted.

Yep, same thing that happened to British Pound Sterling. The Industrial Revolution and the British Empire made it the global reserve currency; war losses, the dismantling of the Empire, and the decline of British industry handled the mantle to the American Dollar. Nothing truly protects USD from the same forces. China and Russia won't succeed at launching a competing standard though. Autocracy may promote economic gr…

CIPS isn't about trusting China with your money, it's just an interchange system. It's not necessary to trust Chinese or Russia banks.

CIPS is about getting money to Chinese banks (effectively the only members). The commenter is suggesting that having money in those banks is not a desired outcome for most institutions due to the fact that Chinese finance does not run on the same premises as institutions used to doing business with the west.

Re: Visa, Mastercard block Russian financial institutions after sanctions

#104

Post by forgingahead »

glogla wrote: post #102
forgingahead wrote: post #99

Earlier quoted context omitted.

You seem like a kind soul and the horrible situation is undoubtedly having an effect on you. That said, the best thing to do is to write to your government representative to request they support a de-escalation of this situation, and then switch off the news and social media. Unfortunately, the war machine is in overdrive and lots of wicked parties are using media propaganda to escalate emotions amongst people. The o…

"Support peace" here means "make sure invasion of sovereign nation goes unpunished". The best anyone can do to make the world better place is support the world again the Russian aggressors and war criminals. People "asking for peace" and "deescalating" are just on the side of the aggressors and war criminals.

I'm going to assume you are genuine in your anger and not a shill for the chickenhawks and MIC. Russian people are not the aggressors here, just like all Muslims were not responsible for 9/11 nor all Americans responsible for Afghanistan/Iraq and all other similar situations.

Don't behave like the real world is a Marvel movie filled with heroes and supervillains. If you truly want to help, write to your govt representative. Anything else you do as a civilian or private business is vigilantism, and will have no impact on the actual conflict at hand.

Re: Visa, Mastercard block Russian financial institutions after sanctions

#105

Post by KptMarchewa »

tguvot wrote: post #50
lliamander wrote: post #37

Earlier quoted context omitted.

It looks stupid to me too. Which is precisely why I think there's information I'm missing. Like, I've seen arguments that the whole "Ukraine joining NATO" justification is just a pretext. But if that's just a pretext, what's the actual reason? I haven't seen a good answer yet. I honestly don't think we'll know the true story for decades.

Google translate this: https://web.archive.org/web/20220226224717/https://ria.ru/20... It was auto published on 26 on ria and bunch of other sites and than purged. It explains everything

It's just a piece of propaganda, and how they were going to explain (in their thoughts) fast, painless war.

It does not represent real thoughts of those in power.

Re: Visa, Mastercard block Russian financial institutions after sanctions

#106

Post by KptMarchewa »

ajsnigrutin wrote: post #85
rosndo wrote: post #79

Earlier quoted context omitted.

> .so ukraine joining nato is not that much different Yeah it is, the Baltics are already in NATO. Ukraine joining would not significantly change the balance of power in the region. Cuba on the other hand was far more significant because the Soviet Union did not otherwise have assets so close to the US. Also the US never invaded Cuba in the way Russia invaded Ukraine. Their actions were more comparable to Russian sup…

But russia has to stop nato somewhere... it was too weak to do it with the baltics, and it's doing that now. USA definitely had the plan for a war with cuba, but it luckily didn't happen. They did start many other wars in the meantime, mostly on the other side of the world.

>But russia has to stop nato somewhere

Yes, at their own borders. Their jurisdiction ends there.

All other nations have the right of self-determination and don't have to care about Russia's thoughts.

If they won't like it, they could sanction Ukraine or something, don't you think?

Re: Visa, Mastercard block Russian financial institutions after sanctions

#107

Post by rsynnott »

imwillofficial wrote: post #25
hericium wrote: post #4

Earlier quoted context omitted.

I wonder how many of those promises will actually be fulfilled before Putin gets frustrated.

I don’t get comments like these. Does Putin strike you as an overly emotional guy who gets frustrated easily? My take is that he is cold and calculating. Not one I’d take lightly.

> Does Putin strike you as an overly emotional guy who gets frustrated easily?

I mean... yes, clearly! Obviously, there's the Ukraine thing, but even before that, look at photos and footage of him when slighted at conferences and so on. He's not as emotionally open as a Trump or a Burlusconi, but he's no stoic as politicians go.

Re: Visa, Mastercard block Russian financial institutions after sanctions

#108

Post by KptMarchewa »

donw wrote: post #5

sigh Fifty years ago, the dollar had value because America was the one-stop-shop for everything. Cars, electronics, appliances, all of it. Nowadays, that's China. China makes everything, or the parts to make everything, and increasingly to a higher standard than can be produced in the US. Go watch Project Farm and think on those results. The dollar has value now because it functions as a medium of exchange. That's it…

>It is now very clear to every single bank on the planet that the USG is willing to use commercial entities as a weapon against your country.

If you act like North Korea you'll be treated like North Korea.

Re: Visa, Mastercard block Russian financial institutions after sanctions

#109

Post by nl »

skissane wrote: post #89
lliamander wrote: post #37

Earlier quoted context omitted.

It looks stupid to me too. Which is precisely why I think there's information I'm missing. Like, I've seen arguments that the whole "Ukraine joining NATO" justification is just a pretext. But if that's just a pretext, what's the actual reason? I haven't seen a good answer yet. I honestly don't think we'll know the true story for decades.

> But if that's just a pretext, what's the actual reason? I haven't seen a good answer yet. Because in Putin's mind, "Soviet" and "Russian" are synonyms. In other words, the breakup of the Soviet Union in 1991 was to him the breakup of Russia , and as a Russian nationalist he sees that as a great tragedy. He blames it on the Communists for adopting a constitutional structure which contained within it the seeds of sep…

I think this is basically right. He believes in the Russian Empire.

You can hear threads if this in the speeches he gives to Russian audiences where he argues that Ukraine isn't a real country.

Re: Visa, Mastercard block Russian financial institutions after sanctions

#110

Post by KptMarchewa »

j16sdiz wrote: post #11
avalys wrote: post #7

Earlier quoted context omitted.

All valid points, but...using military force to seize control of another sovereign, democratic nation also undermines the entire economic system. I don't see this as driven by the US government and as something that will be held against the USD, it is just as much motivated by the Europeans and the Euro. The point of these sanctions is to say - a country is not allowed the benefits of integration with the global econ…

> a country is not allowed the benefits of integration with the global economy if they are willing to use military force against it. Instead of hurting just Russia, this is literally hurting every country. I really hope we can do something good for everybody, but my fallible mind has its limit.

Besides fossils and defence stuff (which as we can see... is way overhyped) Russia has nothing interesting to offer to the world.
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