New England Russian Invasion of Ukraine Case Study
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
New England Russian Invasion of Ukraine Case Study
Discussion Assignment
New England Russian Invasion of Ukraine Case Study
In light of the Russian invasion of Ukraine, and the EU response to agree to exclude a number of Russian banks from SWIFT, please respond to the following:
You will be expanding on this discussion in your memo this
New England Russian Invasion of Ukraine Case Study
- What is SWIFT?
- Which country had its SWIFT status revoked (2018) and what the consequences for it?
New England Russian Invasion of Ukraine Case Study
- How might the Russian economy be impacted by the exclusion of Russian banks from SWIFT?
- In your opinion, will this move create internal resistance to Putin (consider that Russia is one of the BRIC countries and stood to benefit from free trade)?
- How might this impact the US?
Peer responses
New England Russian Invasion of Ukraine Case Study
respond to each of the two students and use 150-200 words when responding. Start of by saying (Hello name)
New England Russian Invasion of Ukraine Case Study
Chase
Top of FormSWIFT (Society for Worldwide Interbank Financial Telecommunication) is globally known as a protected and secure platform. Its main purpose is for member financial institutions to share and exchange information and global monetary transactions. Ironically SWIFT does not move the money itself, rather it becomes a middleman to connect all 11,000-plus banks. SWIFT is based/headquartered in Belgium, but is allied with other countries for their central banks including Canada, France, Germany, etc.
New England Russian Invasion of Ukraine Case Study
As I can see, Iran was the last country to be cut of or removed from the SWIFT. Ultimatley it resulted into losing about a third of its foreign trades. It generally was a factor due to the Iranian nuclear program as well as terrorism. It let Iran barter trade as well as busting sanctions. Nonetheless, the sanctions were impose so the resilience and integrity in both the financial systems and global service power.
New England Russian Invasion of Ukraine Case Study
In accordance to Russia, this will defenitly negatively hit their economy hard. And while SWIFT was the transactions powehouse, money arangements will for now have to be used by fax machines and telephones. A formal Russian Central Bank chairman said “there is going to be a catastrophe on the Russian currency market on Monday” (The Indian Express). Now Russia does have a reserve waiting of around $630 billion in wake of the previous sanctions on Russia in 2014, so that may come in handy for them.
New England Russian Invasion of Ukraine Case Study
When it comes to global trading, loyalty is not very common. So, in my opinion yes, this will likely cause internal resistance to the leadership in Russia. Because this action will limit Russian resources to become transported due to monetary agreements. For BRIC (Brazil, Russia, India, and China) sepecifically, I do not think it will blow up, but the trades and transactions will certainly increase with Russia being cut out for now.
New England Russian Invasion of Ukraine Case Study
Of course, any trade or other agreements that the U.S. has made with Russia previously will be haulted unless SWIFT and other institutions return Russia back into the system. But as I recently found out, the U.S. along with the EU are actually barring Russian banks from the SWIFT. So maybe the impact may be a liitle less than expected for us.
Janel
New England Russian Invasion of Ukraine Case Study
Society for Worldwide Interbank Financial Telecommunication aka SWIFT is a global banking communication system. It is used for cross-border communications and transactions. It is essentially the main artery for monetary and communication transactions between countries. By removing Russia from this, it is intended to freeze their business assets and communications from accessing, sending, and receiving. (Kiger, 2022)
New England Russian Invasion of Ukraine Case Study
It is not a guarantee that this will cause as much internal disruptions as intended. Russia instituted their own source of transactional system called Mir. They can also call on countries that have not imposed sanctions such as China to move funds. Still, it will cause billions of dollars in losses however will not totally cripple them.
New England Russian Invasion of Ukraine Case Study
It will cause economic disruptions in the Russia as well as any country who cuts them off. Russia is the main supplier of oil in Europe as well as other major exports. Prices will most likely skyrocket in those countries, which effectively would ripple throughout other countries.
New England Russian Invasion of Ukraine Case Study
The US and Japan have gone ahead and disconnected from some Russian banks within SWIFT. These banks will be prevented from sending international reserves. It is still up to the European Union to determine which specific banks will be cut off. (Kiger, 2022)
New England Russian Invasion of Ukraine Case Study
I think this is one step to take. It appears that the US is being very thorough with any decisions it makes. I think that Putin is obsessed with power and taking control of the Ukraine. I think he honestly believes that it is his right to gain control, as it is rightfully Russia’s. The Ukraine is a threat to Russia’s internal control. If Ukraine starts to succeed as it owns independent country, it could start to cause questions regarding Putin’s control. The US needs to tread carefully as the removal of Russia from Swift could affect the US’s position within SWIFT themselves. The US banks rely on this global reserve currency. It could also just be the catalyst needed for Russia to declare war with the US, initiating WWIII.
As we read this week, even the smallest change in the foreign exchange market can make a drastic difference in exchange rates, and movements. Also everything is interconnected and any affect within the global market will have a ripple effect throughout
New England Russian Invasion of Ukraine Case Study
Week 5 Assignment: Country Memo
Continue your research on the country you selected in Week 1. In light of the Russian invasion of Ukraine, and the EU response to agree to exclude a number of Russian banks from SWIFT, as well as other sanctions, please respond to the below questions. It is necessary for you to consider the ethical implications in your responses for the purpose of this assignment.
Prepare a memo in APA format that answers the following questions:
New England Russian Invasion of Ukraine Case Study
- Is your country currently engaged in trade with Russia? (Remember, the country I chose was China)
- How will Russian banks’ exclusion from SWIFT likely impact your country and your business?
- Research and consider how three additional EU imposed sanctions will impact your country and your business
- Make a recommendation for how your company will respond to this crisis.
Week 5 Quiz
New England Russian Invasion of Ukraine Case Study
Covers all the material from Week 5
New England Russian Invasion of Ukraine Case Study
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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