Johns Hopkins Professor on Weaponizing SWIFT

The video discusses the complexities of US sanctions on Russia, focusing on the SWIFT system and the freezing of Central Bank assets. It explores potential Russian responses, including economic retaliation and currency controls. The video also examines China's challenges in creating an alternative financial system and the role of cryptocurrency in global transactions. Finally, it considers the impact of sanctions on Russian banks, particularly those involved in energy transactions.

What is one of the main financial tools being used against Russia that could severely impact its economy?

• The Euro

• SWIFT

• The Yen

• The Pound

What is a major concern for the Russian Central Bank in light of the sanctions?

• Increasing foreign investments

• Rising oil prices

• Decreasing gold reserves

• A potential bank run

Why is it challenging for China to create an alternative to the current global financial system?

• Lack of technological expertise

• Insufficient natural resources

• Not being part of the global interdependent system during globalization

• Political instability

What is a potential benefit of using cryptocurrency in international transactions?

• Easier to monitor

• Government backing

• Decentralized currency arrangements

• Guaranteed value stability

What is a significant challenge when converting cryptocurrency into real currency?

• Need for financial arrangements

• High transaction fees

• Limited internet access

• Lack of digital wallets

What might the United States and other regulators focus on regarding cryptocurrencies?

• Promoting digital wallets

• Increasing mining operations

• Plugging financial leakages

• Encouraging more crypto exchanges

Which Russian bank might face sanctions due to its involvement in energy transactions?

• Sberbank

• Gazprombank

• VTB Bank

• Alfa Bank