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Ukraine crisis: Western countries agree to cut off Russia from global interbank payments system

Moscow heavily relies on the system called Swift for trading its resources, especially for the payments for its oil and gas exports.

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More sanctions against Russia: West unleashes SWIFT ban, Russian economy to be hit terribly

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What is SWIFT? Why is Biden Afraid of Expelling Russia From Platform? 10 Points

More than 40 percent of Russia s revenue comes from the oil trade. A quick ban on Swift will be lethal to the Russian economy.

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Energiewende: Schnelles Verbot vermeidet teuren Ausstieg (nd aktuell)

Energiewende: Schnelles Verbot vermeidet teuren Ausstieg (nd aktuell)
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