Weekly Roundup 02/24/22 (Russia and SWIFT, DAO hacker identified, Trudeau backs down) (EP.290)
On The Brink with Castle Island
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Russian Banks Halted From Dollar Clearing System
Ten russian financial institutions, including two of the largest banks in the country, have effectively been halted from dollar clearing. So it looks like to have a forty six billion dollar f x market in russia, 80 % of that clears in dollars. And it seems like the two largest banks now can no longer take take part in that market structure. En, it's not just a financial sanctions, actually. It's russia won't have access to hite imports. From places like the u.S., so they will have much reducedab to get access to integrated circuits and, ou know, us. Presumably they could maybe get some of that from china. But a,
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