IPSEs IN THE LAST 24H
  • Janet Yellen
    Janet Yellen “U.S. and European support for Ukraine has been essential for Ukraine's resistance to Russia's invasion. And let me be clear: It is also critical for the security of the American and European people. If we stand by as dictators violate territorial integrity and flout the international rules-based order, they have no reason to stop at their initial targets. They will keep going. The U.S. and Europe must show that Russia cannot outlast their resolve to defend a rules-based order that took them decades to shape. This includes the need to crack down on Russian sanctions evasion and provide Ukraine the funding to equip its military, fund critical government services and ultimately rebuild once the conflict ends. That's why I believe it's vital and urgent that we collectively find a way forward to unlock the value of Russian sovereign assets immobilized in our jurisdictions for the benefit of Ukraine. This will be a key topic of conversation during G7 meetings this week.” 1 hour ago
  • Antony Blinken
    Antony Blinken “We reject the prosecutor's equivalence of Israel with Hamas. It is shameful.” 1 hour ago
  • Joe Biden
    Joe Biden “The ICC prosecutor's application for arrest warrants against Israeli leaders is outrageous. And let me be clear: Whatever this prosecutor might imply, there is no equivalence - none - between Israel and Hamas. We will always stand with Israel against threats to its security.” 1 hour ago
  • Volodymyr Zelenskiy
    Volodymyr Zelenskiy “Western allies are taking too long to make key decisions , opens new tabon military support for Ukraine. Every decision to which we, then later everyone together, comes to is late by around one year. Russians are using 300 planes on the territory of Ukraine. We need at least 120, 130 planes to resist in the sky. You can't provide that right now? OK ... returning to the planes that you have on the territory of neighbouring NATO countries: raise them up ... shoot down targets, protect civilians. Can they do this? I'm sure that yes. Is this an attack by NATO countries, involvement? No.” 1 hour ago
  • Balakrishnan Rajagopal
    Balakrishnan Rajagopal “On the request by the ICC Prosecutor for warrants: against Hamas, the charges of hostage taking and killing likely to stand but not others. Against Israeli leaders, all charges likely to stick. And missing charges include attacks against various civilian objects including homes!” 3 hours ago
  • Hadja Lahbib
    Hadja Lahbib “The request submitted by the Court's prosecutor, Karim Khan, for arrest warrants against both Hamas and Israeli officials is an important step in the investigation of the situation in Palestine. Belgium will continue to support the essential work of international justice to ensure that those responsible for all crimes are held accountable.” 3 hours ago
  • Bezalel Smotrich
    Bezalel Smotrich “We haven't seen such a show of hypocrisy and hatred of Jews like that of the Hague Tribunal since Nazi propaganda.” 3 hours ago
  • Benny Gantz
    Benny Gantz “Drawing parallels between the leaders of a democratic country determined to defend itself from despicable terror to leaders of a blood-thirsty terror organisation [Hamas] is a deep distortion of justice and blatant moral bankruptcy.” 3 hours ago
  • Geoffrey Nice
    Geoffrey Nice “I'm pleased to see that the law is now occupying the place it should. Until now, politics has been suspected of holding back the application of the law and in a way that's been very unsatisfactory - now the law is saying it's going to play its part, so that's a good thing. Don't prejudge the issue, it's an application for arrest warrants by Mr Khan in respect to people on both sides and we wait for the judges decision whether to confirm or not.” 4 hours ago
  • Sami Abu Zuhri
    Sami Abu Zuhri “The decision by the ICC prosecutor to seek arrest warrants for three Hamas leaders equates the victim with the executioner. the ICC decision gives encouragement to Israel to continue its war of extermination in Gaza.” 4 hours ago
  • James Bays
    James Bays “The ICC deals with only serious crimes but when you hear what is detailed on both sides, it really is sobering. On the Israeli side, he is naming the prime minister and the defence minister but says this was a state policy, this was official government policy to use starvation as a method of war. I think it is interesting that he's decided to make this public at this stage because the other important decision by Khan [Karim Khan] in the last couple of years is when he brought an arrest warrant against Vladimir Putin and his children's commissioner, Maria Lvova-Belova, in March 2023. At that stage, there were arrest warrants. We're not at this stage; he's gone public saying there should be arrest warrants and he needs to go to the judges. Last time, he had already gone to the judges and it was made public that the judges had approved the recommendation. I can't tell you the reason why, but perhaps he's trying to force an end to the violence by speaking out as early as possible and trying to force efforts for a ceasefire. That seems to be a possibility - why he's decided to act this way.” 4 hours ago
View All IPSEs inserted in the Last 24h

#SWIFT

Page with all the IPSEs stored in the archive with the tag #SWIFT linked to them.
The IPSEs are presented in chronological order based on when the IPSEs have been pronounced.

“We all know that China holds the biggest forex exchange reserves globally, and among them, the US dollar dominates. It's also noteworthy that China's foreign exchange reserves fell around $28bn to $3.22 trillion in January this year. China also relies heavily on the SWIFT system. These facts might well lead China to a somewhat prudent move when it comes to providing financing with Russia, as jeopardising its own ability to transact in US dollars would never be a good idea.”

author
Expert in financial regulation at National Chengchi University in Taiwan
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“Our diplomats fought around the clock to inspire all European countries to agree on a strong and fair decision to disconnect Russia from the international interbanking network. We also have this victory. This is billions and billions of losses for Russia - a tangible price for this vile invasion of our country... Ukraine won the attention of the entire civilised world. And the practical result? Here it is - SWIFT... Disconnecting from global financial civilisation.”

author
President of Ukraine
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“Hitting Russia's oil industry directly is impossible in an age when no country has the spare production capacity to replace it. And there are refineries among NATO's Central European members - Slovakia, Hungary and the Czech Republic - which can only be supplied by Russian pipelines. The SWIFT idea was quickly dropped because they realised that targeting SWIFT in a blanket way would mean, for instance, German utilities would have no way to pay for Russian natural gas, and that gets to be unthinkable. Russia has a permission factor in that is clearly 'too big to sanction' like Iran. What I think we have to be concerned about is that Russia has sufficient financial reserves that the scenario where Russia 'trolls' Europe and causes severe energy problems in Europe, which in turn makes it impossible to stay on message with regard to a western response.”

author
Independent oil consultant and former chief energy analyst at Eurasia Group
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“Washington has been abusing SWIFT to arbitrarily sanction any country at will, which sparked global dissatisfaction. If China and Russia could work together to challenge the dollar hegemony, a laundry list of countries would echo the call and join the new system. At first, the system could push forward a trial run in Central Asian countries and countries and regions along the routes of the Belt and Road Initiative (BRI). As its influence grows, the system is poised to draw in other countries in Europe and ASEAN.”

author
Director of the Finance and Securities Institute at the Wuhan University of Science and Technology
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“Russia's suggestion [promoting the settlement of the local currency and other international currencies that can replace the US dollar and gradually move away from the Western-controlled international payment system] will receive a positive response from China as both sides have already realized the huge risk of overreliance on the US dollar and Western-controlled payment system since the financial crisis in 2008, and the latest massive quantitative easing done by the US for boosting its own economy also increased such concern. Promoting the settlement of local currency is a trend for the economies worldwide, and when the US withdrew from the Iranian nuclear deal, the EU core members have also considered to establish a new payment system to bypass SWIFT controlled by the US.”

author
Expert on China-Russia relations with the Chinese Academy of Social Sciences in Beijing
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