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The Russian invasion of Ukraine exemplifies that the European Union lacks both diplomatic and military clout to wade off the Kremlin. The question now is, in a catastrophic situation like the present, how can the EU defend its interests and maintain the post-cold war balance? ....
Western leaders are divided on whether to ban Russia from SWIFT transactions. While the Ukrainian foreign affairs minister called for SWIFT sanctions on Russia, other leaders remain sceptical about whether it is the right move or a last resort. ....
The Society for Worldwide Interbank Financial Telecommunications (SWIFT) is a Belgium-based messaging network that is widely used by banks across the world to send and receive money transfer orders or information. ....