And to add to that because it was brought up, Russia getting on Chinese banking is a testament to how ALL THE WORLD distrusts the Chinese banking and payment systems. Why would Russia, a strong ally of China, NOT be on the Chinese banking system and payment system to some degree already?
It took a series of global sanctions for them to do it out of desperation, not desire. Putin and Russia don't want to be on that system. Nobody does. It's their only resort at this point to not completely collapse their economy. It's not by choice and if this invasion ended tomorrow, you can bet behind closed doors the conversation to return to SWIFT would be... swift and top of the Russian priorities.
It took a series of global sanctions for them to do it out of desperation, not desire. Putin and Russia don't want to be on that system. Nobody does. It's their only resort at this point to not completely collapse their economy. It's not by choice and if this invasion ended tomorrow, you can bet behind closed doors the conversation to return to SWIFT would be... swift and top of the Russian priorities.
