Exclusion from SWIFT, a very discreet but important cog in the machinery of international finance, is one of the most disruptive sanctions the West has deployed against Russia for its invasion of Ukraine.
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People protest with a placard 'Swift out for Russia' against Russia's invasion of Ukraine in Dortmund, western Germany on February 25, 2022. -- Photo: Ina Fassbender / AFP
Lamya Abdulla
2022-02-27 12:56:22
Exclusion from SWIFT, a very discreet but important cog in the machinery of international finance, is one of the most disruptive sanctions the West has deployed against Russia for its invasion of Ukraine.
The move had been threatened in recent weeks by the United States, the European Union and other Western allies as a means of escalating punishment of Russia for its aggressions against its ex-Soviet neighbour.
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