[askmike]

SWIFT is just a messaging system, they can probably still use Telex which is the precursor to SWIFT.

[treis]

I'm reasonably sure that the point is not to make Russia use Telex instead of SWIFT. The point is to stop Russia from transacting in dollars.

[JumpCrisscross]

> the point is not to make Russia use Telex instead of SWIFT

I believe it is. Nobody is threatening sanctioning Russia's energy sector à la Iran.

[digianarchist]

Or CIPS which will likely undercut this attempt of isolating Russia’s financial system.

[JumpCrisscross]

> Or CIPS which will likely undercut this attempt of isolating Russia’s financial system

This is almost expected. The calculation being that Russia is safer as a Chinese vassal than a regional power. Settling via CIPS is also more burdensome and thus expensive than settling via SWIFT.

[megous]

No, I think they'll have to go a bit more back to the past, and carry gold in chests using coach and fours.

[bushbaba]

Why not crypto?