Kremlin confirmed that Russia is preparing to be thrown out of world banking.

[Budi]

Goodbye Cruel World

Link to tweet

https://www.uawire.org/kremlin-russia-is-preparing-to-be-disconnected-from-swift
Russia is working to minimize damage in the event it loses access to international financial instruments, but, for now, the Kremlin considers the possibility of being disconnected from the SWIFT interbank payment system as hypothetical, stated the Russian Foreign Ministry spokeswoman Maria Zakharova in an interview with RT.

"The possibility of being disconnected from SWIFT is still considered as hypothetical. Nevertheless, inter-minsistry work is underway to minimize the risks and economic damage if our country’s access to the usual international financial instruments and payment mechanisms is limited.

The Financial Messaging System of the Bank of Russia is an example of such alternative instruments. At the moment, options for its pairing with foreign counterparts - European SEPA, Iranian SEPAM, Chinese CUP and CIPS, are being discussed," she said.
MORE..

How ever will they launder money?!

[Generic Brad]

1. In answer to your question - Cryptocurrency

They are using it already. If they get pulled from SWIFT they will be forced to use it exclusively.

[WHITT]

2. Putin Has Already Setup An Alternative System

He can also use cut-outs to still access swift, as Iran already does.

Folks think these people are stupid.

[Budi]

3. I know. Cant believe they didn't consult GD 1st. 🤔

Just a guess but I really doubt this is their only financial poke at the Kremlin.

It's a good start

[Irish_Dem]

4. Putin is said to be the richest man on Earth.

He doesn't need no stinking banks.

[roamer65]

5. China.

They will probably peg the ruble to the Chinese yuan. If the currencies are hard pegged, then yuan will flow freely into Russia. I can see them eventually going to one currency.

The Sino-Russian alliance is going to grow.

[pecosbob]

6. Sounds like cryptocash to me

"In parallel, Russia is actively exploring the opportunities provided by modern digital technologies, the potential of their use to increase the stability and independence of the national financial system and means of payment, with the clear understanding that digital money can in the future become the foundation of the updated international financial system and cross-border settlement operations," the Russian Foreign Ministry spokeswoman concluded.