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Key Russian banks were kicked out of the SWIFT international payments network today as part of an escalation of sanctions against Russia, in retaliation for the Russian invasion of Ukraine. This is not a total lockout of every Russian bank from SWIFT, which is the next logical step in this series of sanctions against Russia….
Mateusz Morawiecki PM of Poland in Berlin Prompts “Crushing Sanctions” on Russia Prime Minister Mateusz Morawiecki of Poland spoke in Berlin, requiring “Crushing Sanctions” against Russia and speedy and united action from all countries to oppose Russia’s intrusion of Ukraine. He requires an overall cutoff of Russia from the SWIFT monetary payments network and an…
Cutting off Russia from SWIFT as a financial sanction would effectively result in a financial boycott of Russia by the majority of the world . Follow Ukraine news at UkraineNewsStories.com 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…