China is considering a possible alternative to SWIFT after members of the cooperative removed Russian banks from the group as a part of the Western sanctions imposed on Russia because it invaded Ukraine.
Mike Sun, a North America-based private investment adviser and China expert, told The Epoch Times that the Chinese Communist Party (CCP) may be looking at how to deal with Western sanctions after what has been imposed on Russia.
“Once Russia will be bound to lose in the war with Ukraine, the western countries will have their hands free to tackle with the CCP,” and so SWIFT will be something that can’t be ignored, Sun added.
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