Russia is looking for potential alternatives of the SWIFT international payments network after the West imposed the most crippling financial penalties yet on the country over its unrelenting invasion of Ukraine.
The decision, announced as Ukrainian forces battle to hold Russian forces back, has the potential to spread the pain of Western retaliation for President Vladimir Putin’s invasion to ordinary Russians far more than previous rounds of penalties.
By Tom Bergin (Reuters) - Western sanctions banning several Russian banks from the SWIFT international payments network with the potential threat of m.
By Tom Bergin (Reuters) - Western sanctions banning several Russian banks from the SWIFT international payments network with the potential threat of m.
Russia is facing a raft of financial sanctions after it invaded Ukraine. But it's spent years building up its economy to protect against such measures. We take a closer look at Vladimir Putin's fortr…