How Effective Are Payment System Sanctions Really?
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The war in Ukraine underscores the importance and complexity of managing the international flow of money. This newsletter has time and time again claimed that overhauling the payment system with new technology is not only a matter of efficiency and economic potency, but of vital geopolitical importance. I have dedicated most of my attention to the rivalry between the US and China, but since last week it is another actor that triggered a real-life experiment to test the hypothesis. The world’s response to Russia’s invasion of Ukraine makes clear why the movement of money is not simply an industry like any other.
How Effective Are Payment System Sanctions Really?
How Effective Are Payment System Sanctions…
How Effective Are Payment System Sanctions Really?
The war in Ukraine underscores the importance and complexity of managing the international flow of money. This newsletter has time and time again claimed that overhauling the payment system with new technology is not only a matter of efficiency and economic potency, but of vital geopolitical importance. I have dedicated most of my attention to the rivalry between the US and China, but since last week it is another actor that triggered a real-life experiment to test the hypothesis. The world’s response to Russia’s invasion of Ukraine makes clear why the movement of money is not simply an industry like any other.