Comments
How the Ukraine Crisis Is Affecting the Global Banking Industry
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Byurcan
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Byurcan,
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9/8/2014 | 10:22:03 AM
Re: Russia is not Iran
That's a good point, and perhaps why Russia might have some more leverage than Iran when it comes to standing up to any potential sanctions.
Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
9/5/2014 | 1:17:01 PM
Re: Russia is not Iran
Russia's economy is so intertwined with tthe rest of Europe because of its energy resources that it will definitely have an impact on European economies that could hurt the already damaged financial system in the EU pretty badly.
Byurcan
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Byurcan,
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9/5/2014 | 9:02:12 AM
Re: Russia is not Iran
You're right, Iran isn't a large player in the world financial stage. Russia, however, has several major banks like Sberbank
Greg MacSweeney
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Greg MacSweeney,
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9/5/2014 | 5:39:51 AM
Russia is not Iran
When SWIFT moved to ban Iran from its payment network, it wasn't that big of a deal. Although large, Iran wasn't a large player in the global financial system. Russia, however, is a bigger player in the financial system. Removing it from SWIFT will certainly be noticed.


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