[baremetal]

europe cant block russian swift access, or they wont be able to get money invested in russia back out.

[hodgesrm]

I would have agreed with you 48 hours ago. Not so sure today.

[rurban]

They can, but they don't want to.

Investment assets can be easily got back from black Russian money horded abroad. Like 1000x more.

[baremetal]

what will europe do if/when russia cuts off oil and gas in retaliation for sanctions?

[jacquesm]

Be a little bit colder. But that beats supporting the Russian war machine.