CITIC Construction Investment: Banning SWIFT will greatly enhance the effect of sanctions against Russia – yqqlm

Securities Times e Company News, China Securities Research Report said that on February 27, the United States, the European Union and the United Kingdom issued a joint statement on sanctions against Russia, promising to disable the SWIFT system for selected Russian banks, and to implement the foreign exchange reserves of the Russian Central Bank. Sanctions. This move will greatly enhance the effect of sanctions against Russia. The SWIFT ban will hinder cross-border payment and settlement of Russian energy imports and exports, and global energy prices may be hit again, aggravating global inflationary pressures. Rising exposure of European banks to Russia could threaten global financial stability. The overall impact of sanctions against Russia on my country is limited, and it may promote the interconnection of China-Russia financial infrastructure and the internationalization of the renminbi. (Telephone for reporting illegal and bad information: 0755-83514034 Email: [email protected])