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SWIFT ban against Russia and its Affect on US Economy

Posted on by Ukraine News Desk

Cutting off from as a financial sanction would effectively result in a financial boycott of Russia by the majority of the world

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News analysis by UkraineNewsStories.com.

Video courtesy of Yahoo.

https://www.youtube.com/watch?v=wAzzqhheOsw.

SWIFT, the Society for Worldwide Interbank Financial Telecommunications is the backbone of worldwide payments. Almost all international funds transfers use this system. Brian Cheung discusses what SWIFT is and how prohibiting Russia from SWIFT might impact the U.S. economy.

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