New England Russian Invasion of Ukraine Discussion Solution

New England Russian Invasion of Ukraine Discussion

Table of Contents

Order Number	Y47874HDUEW
Type of Project	Essay/Research Paper
Writer Level	PHD/MASTERS
Writing Style	APA/Harvard/MLA/CHICAGO
Citations	5
Page Count	3-15

Description/Paper Instructions

New England Russian Invasion of Ukraine Discussion

Discussion Assignment

In light of the Russian invasion of Ukraine, and the EU response to agree to exclude a number of Russian banks from SWIFT, please respond to the following:

You will be expanding on this discussion in your memo this

1. What is SWIFT?
2. Which country had its SWIFT status revoked (2018) and what the consequences for it?
3. How might the Russian economy be impacted by the exclusion of Russian banks from SWIFT?
4. In your opinion, will this move create internal resistance to Putin (consider that Russia is one of the BRIC countries and stood to benefit from free trade)?
5. How might this impact the US?

Peer responses

respond to each of the two students and use 150-200 words when responding. Start of by saying (Hello name)

Chase

Top of FormSWIFT (Society for Worldwide Interbank Financial Telecommunication) is globally known as a protected and secure platform. Its main purpose is for member financial institutions to share and exchange information and global monetary transactions. Ironically SWIFT does not move the money itself, rather it becomes a middleman to connect all 11,000-plus banks. SWIFT is based/headquartered in Belgium, but is allied with other countries for their central banks including Canada, France, Germany, etc.

As I can see, Iran was the last country to be cut of or removed from the SWIFT. Ultimatley it resulted into losing about a third of its foreign trades. It generally was a factor due to the Iranian nuclear program as well as terrorism. It let Iran barter trade as well as busting sanctions. Nonetheless, the sanctions were impose so the resilience and integrity in both the financial systems and global service power.

In accordance to Russia, this will defenitly negatively hit their economy hard. And while SWIFT was the transactions powehouse, money arangements will for now have to be used by fax machines and telephones. A formal Russian Central Bank chairman said “there is going to be a catastrophe on the Russian currency market on Monday” (The Indian Express). Now Russia does have a reserve waiting of around $630 billion in wake of the previous sanctions on Russia in 2014, so that may come in handy for them.

When it comes to global trading, loyalty is not very common. So, in my opinion yes, this will likely cause internal resistance to the leadership in Russia. Because this action will limit Russian resources to become transported due to monetary agreements. For BRIC (Brazil, Russia, India, and China) sepecifically, I do not think it will blow up, but the trades and transactions will certainly increase with Russia being cut out for now.

Of course, any trade or other agreements that the U.S. has made with Russia previously will be haulted unless SWIFT and other institutions return Russia back into the system. But as I recently found out, the U.S. along with the EU are actually barring Russian banks from the SWIFT. So maybe the impact may be a liitle less than expected for us.

Janel

Society for Worldwide Interbank Financial Telecommunication aka SWIFT is a global banking communication system. It is used for cross-border communications and transactions. It is essentially the main artery for monetary and communication transactions between countries. By removing Russia from this, it is intended to freeze their business assets and communications from accessing, sending, and receiving. (Kiger, 2022)

It is not a guarantee that this will cause as much internal disruptions as intended. Russia instituted their own source of transactional system called Mir. They can also call on countries that have not imposed sanctions such as China to move funds. Still, it will cause billions of dollars in losses however will not totally cripple them.

It will cause economic disruptions in the Russia as well as any country who cuts them off. Russia is the main supplier of oil in Europe as well as other major exports. Prices will most likely skyrocket in those countries, which effectively would ripple throughout other countries.

The US and Japan have gone ahead and disconnected from some Russian banks within SWIFT. These banks will be prevented from sending international reserves. It is still up to the European Union to determine which specific banks will be cut off. (Kiger, 2022)

I think this is one step to take. It appears that the US is being very thorough with any decisions it makes. I think that Putin is obsessed with power and taking control of the Ukraine. I think he honestly believes that it is his right to gain control, as it is rightfully Russia’s. The Ukraine is a threat to Russia’s internal control. If Ukraine starts to succeed as it owns independent country, it could start to cause questions regarding Putin’s control. The US needs to tread carefully as the removal of Russia from Swift could affect the US’s position within SWIFT themselves. The US banks rely on this global reserve currency. It could also just be the catalyst needed for Russia to declare war with the US, initiating WWIII.

As we read this week, even the smallest change in the foreign exchange market can make a drastic difference in exchange rates, and movements. Also everything is interconnected and any affect within the global market will have a ripple effect throughout

Week 5 Assignment: Country Memo

Continue your research on the country you selected in Week 1. In light of the Russian invasion of Ukraine, and the EU response to agree to exclude a number of Russian banks from SWIFT, as well as other sanctions, please respond to the below questions.  It is necessary for you to consider the ethical implications in your responses for the purpose of this assignment.

Prepare a memo in APA format that answers the following questions:

1. Is your country currently engaged in trade with Russia? (Remember, the country I chose was China)
2. How will Russian banks’ exclusion from SWIFT likely impact your country and your business?
3. Research and consider how three additional EU imposed sanctions will impact your country and your business
4. Make a recommendation for how your company will respond to this crisis.

Week 5 Quiz

Covers all the material from Week 5

New England Russian Invasion of Ukraine Discussion

Excellent	The essay demonstrates exemplary comprehension of the relevant content by thoroughly as well as correctly discussing the relevant information; identifying as well as explaining all of the 3 fundamental aspects; using correct terminology; describing the reasoning next to key points/claims; as well as substantiating points with several accurate as well as illuminating examples, as necessary or useful. There are no gaps in the necessary answer.
Good	Scholarly sources that are credible are employed to successfully support statements that are, as the most part, clear as well as fairly expressed. With just a few minor inaccuracies, APA 6th Edition is utilized. There are a few small typos in the references and/or citations. There is some reliance on dubious sources.
Satisfactory	Because of certain improper terminology and/or confusing wording, the work is frequently confused and difficult to understand; thoughts may be disjointed, meandering, and/or repetitious. a lack of structure; and/or grammatical, spelling, and punctuation mistakes.
Poor	The essay demonstrates a lack of understanding of the related documents by failing to address or improperly addressing the relevant; failing to identify or incorrectly trying to explain key concepts/ideas; ignoring as well as incorrectly attempting to explain key points/claims as well as the rationale behind them; and/or inaccurately or improperly using terminology.
No Response	Essay displays great writing abilities, such as a clear as well as thought-provoking thesis, suitable and effective organization, vibrant and persuasive supporting materials, good diction as well as sentence skills, and faultless or almost perfect mechanics, such as spelling and grammar. The essay flawlessly achieves the assignment’s objectives.
Quality of Response	Because of its intelligent growth and mature manner, this study merits attention. It provides a compelling analysis of or reaction to the text, expanding on that response using well-chosen examples and arguments. The sixth paper demonstrates that its author can typically use appropriate words, employ advanced phrases successfully, and adhere to written English rules.
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