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EU bans SWIFT from select Russian banks, limits Golden Visa programs for Russians

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https://ec.europa.eu/commission/presscorner/detail/en/statement_22_1423
Third, we commit to acting against the people and entities who facilitate the war in Ukraine and the harmful activities of the Russian government. Specifically, we commit to taking measures to limit the sale of citizenship—so called golden passports—that let wealthy Russians connected to the Russian government become citizens of our countries and gain access to our financial systems.
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Anyone have any idea how this will be implemented? Is it limited only to Russians connected to the government or any Russian nationals or are they trying to just stop such programs altogether?
 
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#2
Weak and useless EU is doomed. EU politicians/puppets don’t have any idea of what they are doing. This is what in reality the EU is doing:

105A539B-1D44-4BCE-91D7-9F4DE85C5A53.gif
 
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#3
I'm abroad and don't live in Russia, and currently I'm using a russian card. Not of a major bank.
I have others too, of other countries.

This morning I got scared when a payment didn't pass through, for a coffee. Later I was able to pay in other places, though. Bloody buroctratic and unreliable brazilian payment network - one never knows when a payment will work and when not.
 
#4
JamesDonkey said:
I'm abroad and don't live in Russia, and currently I'm using a russian card. Not of a major bank.
I have others too, of other countries.

This morning I got scared when a payment didn't pass through, for a coffee. Later I was able to pay in other places, though. Bloody buroctratic and unreliable brazilian payment network - one never knows when a payment will work and when not.
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Better to empty your account by buying crypto
 
#6
JamesDonkey said:
as if you knew how much I have in my account. Not much. Therefore, no reason to.

How would pay for coffee and food if I empty it and buy crypto?
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Leaving aside those places that accept native crypto payments, use a credit card funded with crypto. Plenty of choice: Binance, crypto.com, Wirex etc.
 
#7
JohnnyDoe said:
Leaving aside those places that accept native crypto payments, use a credit card funded with crypto. Plenty of choice: Binance, crypto.com, Wirex etc.
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Give me any option of such a card which doesn't require a residency or any similar proof of living in either UK, Europe, US, CA or AU? I don't live there and have no such proof. And haven't found any card that I could get.


What's the difference between paying in crypto and paying in fiat? None. The only difference is that with fiat you make an exchange, via p2p, crypto -> fiat, in advance. But you pay anyway and you pay something, always.
 
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#8
JamesDonkey said:
Give me any option of such a card which doesn't require a residency or any similar proof of living in either UK, Europe, US, CA or AU? I don't live there and have no such proof. And haven't found any card that I could get.


What's the difference between paying in crypto and paying in fiat? None. The only difference is that with fiat you make an exchange, via p2p, crypto -> fiat, in advance. But you pay anyway and you pay something, always.
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You play their game, follow their rules: use a fake utility bill. Easy to buy on the web for a few bucks.
 
#10
JamesDonkey said:
That's an interesting option. Won't that be considered some crime? Or in the worst case scenario they simply won't accept a utility bill? But if they do accept it, it's done -- it's forgotten, here's your card?
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Just make the psycho monkeys in the compliance department happy. Nobody can verify an utility bill. It’s cheap and easy.
 
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#11
JohnnyDoe said:
Just make the psycho monkeys in the compliance department happy. Nobody can verify an utility bill. It’s cheap and easy.
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yeah, it does not require much to get a utility bill from another country. Even a real setup in Romania, Armenia or other Baltic countries are cheap!
 
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#14
boomy said:
yeah that's true. I don't believe you can put pressure on Putin like this!
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Yup Putin has been looking East for a while now. Russia shares a border with China so nothing West can do really. I think Putin has planned for all of this blow back for years. He has de-dollarized a lot and even tested disconnecting from internet.

https://money.cnn.com/2018/07/30/investing/russia-us-debt-treasury/index.html
https://www.reuters.com/technology/russia-disconnected-global-internet-tests-rbc-daily-2021-07-22/
 
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#18
JamesDonkey said:
That's been helpful, thx.
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Just not a drop that is too obvious as most banks have a list of the commercial drop shipping companies.
 
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