What is swift and what would happen if Russia was banned?

Feb 25, 2022 | INVESTING

US and European leaders have announced a package of sanctions on Russian banks and enterprises, freezing assets and hobbling their ability to raise funds internationally, after Russia invaded Ukraine on Thursday.Ukrainian President Volodymyr Zelensky has called for Russia to be cut off from the swift financial messaging system, but that seems unlikely in the short term, as US President Joe Biden said “that’s not the position that the rest of Europe wishes to take”.Here are some key facts about…

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