The closing out from SWIFT means that there are no money transfers between those banks and other banks. That thing is devastating for the economy. And maybe that allows blocking the money transfer between Vladimir Putin's inner circle and other countries. That will limit those people's ability to operate at western marketing.
Even Standard&Poors warned Europe about the influence of the sanctions. We must remember that economics is not an independent thing. When people are seeing that some nation is acting brutally. That causes antipathy. And today things like social media are very good tools to share information. That information can be right or wrong. But the thing is that thing will influence to invest to that country.
Today is not possible to hide the membership in companies that have connections with Oligarchs. Even if we want to see that business is business we must remember that business with the wrong people can cause boycotts. A negative reputation is also damaged business.
When we are thinking about the authoritarian government there is always possible that the authorities will seize investments by using some excuse. And that means the money is gone. But if the business is not tolerated. because things like production are against human rights. That thing costs also very lot of money. A lost reputation is a very expensive thing.
Economics is always connected with politics. That a nation or country is following. We are all humans. And one aspect that is dominating marketing is psychology. If we are seeing that the police of some countries are using unnecessary violence. Or some other country will start unnecessary or injustice warfare that affects people's attitude. And attitudes cause boycotts.
The problem with sanctions is that they might affect ordinary Russians, not Vladimir Putin. The thing is that the sanctions because of the Ukraine situation are necessary. But the thing is that we know that there is always the risk that the sanctions would not work. The nuclear weapons of Russia guarantee that the military actions against that country will not happen. But economical sanctions can affect at least the regular people. And maybe they are starting to see Putin in a different light.
The problem is how powerful actions the sanctions include? Could the net attack against Russians be effective? Full close to the high-tech sanctions could cause Western mobile telephones not to get necessary updates because computer codes are also prohibited. Or those telephones will shut down. That situation would affect regular people. But do they affect the Russian business elite and Putin's inner circle?
We know that Putin wants to finish his campaign in Ukraine very fast. And then that man believes that the focus of the world would turn away from Ukraine when there are more interesting things. So he might just believe that the world will not remember that attack.
When we are thinking about things like the isolation of Russia, we must remember that we must not wait for the cold war. The cold war is already here. The thing is that economic sanctions are the thing that should give a message that the actions. like an attack on Ukraine is not tolerated by other countries.
