The problem is exactly what has already been said before -- Russia has previously said that they will consider expulsion from SWIFT as an act of declaring war on Russia. The natural implication to that is once again their threat to go nuclear on the countries endorsing the SWIFT expulsion.
I'd 100% expect Nord Stream 2 to fall apart now. With the war happening, it would be suicidal for Germany to follow through with it, and I trust they couldn't allow themselves to continue with it either. But one problem is -- Russia is cunning, and has already hedged against this by signing some sort of major gas / petroleum deal with China. So even though Nord Stream 2 is dead, the petroleum revenue stream isn't.
So what can be done against a bully that continues to wield that nuclear card?
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Originally Posted by StylinRed
Russia is still connected to the swift banking system, and no sanctions on Putins personal financials, energy trade and payments with Russia aren't being affected, so basically the world doesn't care that Ukraine is being taken back, they're just putting on a TV show
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Originally Posted by mikemhg
This will definitely hurt Russia.
-Talk about kicking them off the SWIFT system
-Nord Stream 2 getting scrapped
This won't end well for them.
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