Gas Supply Is In Short Supply! US And EU Backtrack: No Longer Considering Kicking Russia Out Of SWIFT

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A while ago, the United States said that if Russia dared to move Ukraine, it would not be able to get away with it, and repeatedly threatened to kick Russia out of the SWIFT settlement system as a sanction on energy producers. The European Union also cheered and applauded, saying that it wanted to show some color to mighty Russia.

A few days after the ruthless words were released, the United States and the European Union suddenly changed their minds and no longer considered kicking Russia out of the SWIFT settlement system. The pace of “de-dollarization” in various countries has helped them develop a system that can replace SWIFT.

However, this does not mean that the United States and the European Union will not “punish” Russia. They will still take some targeted actions, such as restricting the export of products to Russia by traders in the United States and other countries, and continuing to hold the Nord Stream No. 2 pipeline to prevent ventilation. etc. But these penalties are a piece of cake compared to kicking Russia out of SWIFT.

Because more than one-third of Russia’s income depends on oil and gas exports, and the flow of petrodollars depends on SWIFT, if Russia is excluded from the SWIFT system, it will have a serious blow to the Russian economy, and the country’s GDP may be reduced by 5%.

Think back to that year, when the United States successfully put pressure on Iran to be delisted from SWIFT, and then Iran lost half of its oil export revenue and one-third of its foreign trade volume. But Russia is not afraid. What Europe lacks most now is natural gas, and it does not dare to make trouble easily.

To put it bluntly, the main reason why the United States and the European Union changed their mouths was that they could not find the “next Russia” to replace them. For example, the United States has contacted several international energy companies to ask whether these companies can increase natural gas production and exports. To check and balance Russia, the answer is “can’t do it”.