The ongoing Russia-Ukraine war has brought the SWIFT payment system into the limelight, with the US and European nations threatening to cut off Russia from the financial world. This could prove to be a fatal blow to Russian banks, especially the smaller ones.
What is SWIFT, how does it work, why is it important and how nations are using it to punish Russia
SWIFT exclusion to affect Russia’s trade
Will the SWIFT expulsion really hurt Russia?
Unlike Russia, China can bypass SWIFT to escape ambit of US power
How restrictions on Russia using SWIFT system can affect economy of country, rest of Europe
