Blocking Russian Payments: to Be or Not to Be for Financial Multipolarity?
... the United States to maintain its dominance in the financial and innovative development of the global economy. By extending secondary sanctions to foreign financial institutions, the White House administration is trying to derail Russia’s efforts to ... ... exchange reserves and deny borrowers access to international debt and equity financing. Fifth , the digitalization of global finance. The rise of financial technology (Fintech) is increasing tensions in international settlements rather than easing them....