The latest move taken by the US and its allies will not only deal a big blow to Russia's economy, but also send shock waves across the SWIFT and the whole financial market.
The European had been criticized for not cutting off Russia from the global payments system. But together with the US and the UK, the bloc has now decided to take this drastic step in light of Russia's war in Ukraine.
Ukraine crisis poses a severe challenge for SWIFT chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
The latest move taken by the US and its allies will not only deal a big blow to Russia's economy, but also send shock waves across the SWIFT and the whole financial market.