Barring Russian banks from SWIFT may spur China-Russia energy alternatives

Chinese-Russian moves to improve their own financial clearing systems could lift energy trade out of dollar orbit

Queue: people wait outside a branch of Russian state-owned bank Sberbank to withdraw their savings and close their accounts in Prague before Sberbank closed all its branches in the Czech Republic — Queue: people wait outside a branch of Russian state-owned bank Sberbank to withdraw their savings and close their accounts in Prague before Sberbank closed all its branches in the Czech RepublicPhoto: AFP

Xu Yihe

Singapore

China Russia Ukraine Crisis Swift NATO

Published 3 March 2022, 01:51Updated 3 March 2022, 17:09