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>Now stop buying Russian oil.

This is precisely what will happen. How do you buy russian oil if you cannot transfer money to Russia?

That's what SWIFT removal does. Effectively means Russia cannot import or export anything. China has made 1 exception, they will still import russian wheat and that's it.



Oil and gas payments are not affected by blacklisting the already sanctioned banks in Swift.


Theoretically possibly by bartering for oil. The EU already has such a mechanism in place for buying oil from Iran: https://en.wikipedia.org/wiki/Instrument_in_Support_of_Trade...


> China has made 1 exception, they will still import russian wheat and that's it.

Are you saying China won't import Russian oil?


a boatload of gucci moccasins and german luxury cars for a tanker full of crude, obviously.




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