How would a SWIFT ban impact owning Russian stocks?

Discussion in 'Stocks' started by kmgilroy89, Feb 26, 2022.

  1. There are a number of traders on this site that made a killing snatching up Russian markets on the big dip before trading was halted.

    It may be a hell of a good move but again... there are risks. No such thing as a free-lunch.
     
    #11     Feb 26, 2022
  2. TheDawn

    TheDawn

    SWIFT is the interbank fund transfer system, has nothing to do with stocks or stock trading. They use totally different systems for stock trading and dividend-paying, as far as I know.
     
    #12     Feb 27, 2022
  3. virtusa

    virtusa

    Can Russians still buy BTC with fiat currencies now that SWIFT is blocked?
    If they are in Russia, they have rouble or any other currency in a Russian bank account. But these accounts are blocked from SWIFT and cannot make any international payment.
     
    #13     Feb 27, 2022
  4. If ONLY RazzelKhan and her boyfriend waited a little bit longer, they could have cut Russia in on her 4 billion dollar BTC laundering operation.
     
    #14     Feb 27, 2022
  5. newwurldmn

    newwurldmn

    he can also pull out of Ukraine and cut a deal and the entire stock market will be up 50percent. Which is more likely in the next 1 month?
     
    #15     Feb 27, 2022
  6. newwurldmn

    newwurldmn

    as a US citizen I don’t think you can open a Swiss account. If you are still trading prop, can you access an equity financing desk to provide you a CFD or a total return swap? You have currency risk, but that’s unavoidable as you will be consuming dollars.
     
    #16     Feb 27, 2022
  7. virtusa

    virtusa

    That is impossible. You clearly don't know Putin.
    He will take Ukraine and then prepare for the next country.
     
    #17     Feb 27, 2022
  8. BTC trades in RUB as well apparently, and has followed the depreciation of RUB (main chart is BTCRUB/BTCUSD and orange line is USDRUB)

    upload_2022-2-27_12-40-42.png
     
    #18     Feb 27, 2022
    SunTrader likes this.
  9. virtusa

    virtusa

    That is not the question.
    Suppose I am Russian (which I am not) and I want to buy BTC. I open an account at Binance and need to send roubles from my bankaccount in Moscow to let say Binance. Can I transfer roubles now (when banned from SWIFT) to pay for the BTC that I buy?
    In other words are transactions between Russian banks and Binance still possible?
     
    #19     Feb 27, 2022
  10. SWIFT is just one of many ways to transfer money.

    In the old days... https://www.wallstreetmojo.com/hawala/
     
    #20     Feb 27, 2022