US warns to exclude from Global Financial System if Russia invades Ukraine

Washington / Moscow – The United States warned, Russia would be cut off from financial systems at the international level if it tries to invade Ukraine. This will impact the Russian industry and affect the ability of civilians to travel and trade internationally, warned Victoria Nuland, US Under Secretary of State for Political Affairs. This warning issued by Nuland in the wake of a meeting between US President Donald Trump and Russian President Vladimir Putin draws attention.

युक्रेनवर आक्रमण, Financial Moreover, it has been revealed that Russia immensely mobilised its military to invade Ukraine. Besides, the westerners have claimed that there Russia would attempt to re-invade and occupy Ukraine, just as it attacked Crimea and eastern Ukraine in the last decade. However, Russia has denied the allegations and has retaliated that the moves of Western countries are provocative. While the western countries have made their stance more aggressive and have warned that Russia will have to pay a heavy price.

On Monday, while warning Russia, allies including the US had made it aware of the dire consequences. It included military retaliation as well as strict sanctions. Even during the talks between the US President and his Russian counterpart on Tuesday, President Biden mentioned tough economic sanctions. While reporting this, the US media had also predicted a possibility of Russia being cut off from the international banking system, SWIFT. This seems to have gained confirmation after the State Department official Nuland’s statement.

युक्रेनवर आक्रमण Furthermore, Nuland said that multiple diplomatic options are being suggested at every level to target Russia. One of them ‘will be imposing severe consequences on Moscow for its actions, including high-impact economic measures that we have refrained from using in the past. This time, the intent is to make clear that the initial sanctions in response to any further aggressive moves in Ukraine will be extremely significant and isolating for Russia and for Russian business and for the Russian people,’ Nuland warned. Earlier, in 2014, while imposing economic sanctions on Russia, there was an option to cut off Russia from the SWIFT system. Thereafter, even Russia began a trial of an alternative mechanism with the help of China.

युक्रेनवर आक्रमण, यूक्रैन पर हमला Meanwhile, John Bolton, a former US National Security Advisor (NSA), warned that Russia is in danger of becoming China’s tail. At the time, he had even claimed that though there are many differences between US and Russia, issues like China may be discussed between two countries. It was Russia’s blunder to get closer to China instead of the US and Europe a few days ago, Bolton had warned. The Russian decision to align with China for the remainder of the century will not be in Russian interests, claimed the former US security advisor.