A number of Russian banks have been cut off from the key international payment gateway, SWIFT, by the United States and the European Union. Here's what SWIFT is.
What is SWIFT financial system? Know how US, EU can use it to hurt Russia’s economy - US and EU have planned to impose more sanctions on Russia amid the invasion of Ukraine, leading to the exclusion of the country from SWIFT.
SWIFT, or the Society for Worldwide Interbank Financial Telecommunication, is a secure messaging system that facilitates rapid cross-border payments, making international trade flow smoothly
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