IIF's Lowery on Russia Sanctions

The video discusses the impact of sanctions on Russian banks, comparing them to the potential impact of blocking Russia's access to SWIFT. It explores Russia's economic resilience and the challenges posed by currency restrictions. The role of SWIFT in international sanctions, particularly in relation to US and EU actions, is also examined.

What is considered more significant than blocking Russia's access to SWIFT?

• Blocking five major Russian banks

• Imposing travel bans on Russian officials

• Restricting Russian oil exports

• Banning Russian cultural events

How has Russia attempted to prepare for international sanctions?

• By creating alternatives to the global financial system

• By reducing its population

• By increasing its gold reserves

• By forming new military alliances

What makes it difficult for Russia to conduct transactions in major currencies?

• Lack of internet access

• Political instability

• Cutting off from dollar, euro, and yen-based systems

• High inflation rates

Where is SWIFT regulated, and what law does it comply with?

• United States, US law

• Russia, Russian law

• Belgium, EU law

• China, Chinese law

Which country has previously faced SWIFT sanctions?

• Cuba

• Venezuela

• North Korea

• Iran