The Sanctions have probably done the Iranian,and Russian banks, a Favour,as some if not all of their Banks have been cut off from the (SWIFT),.Money Transfer.System,..so their Banks I would say are relatively safe for now,..secondly they mainly use their own currencies the rial & the ruble when trading between their 2 countries
The Sanctions have probably done the Iranian,and Russian banks, a Favour,as some if not all of their Banks have been cut off from the (SWIFT),.Money Transfer.System,..so their Banks I would say are relatively safe for now,..secondly they mainly use their own currencies the rial & the ruble when trading between their 2 countries
Great point. They have essentially been cut off from trading with failing banks.