Swift system

Swift

The Swift “Weapon Of Economic Mass Destruction”: Could Be Disconnecting Russia Devastating Or Not?

Last week there was already talk about the possibility of excluding some Russian banks from the SWIFT system, so the decision announced by Ursula Von der Leyen in the early hours of Sunday morning was not entirely unexpected. It is considered a “weapon of (economic) mass destruction”. The decision to exclude banks from the SWIFT system has never before been applied to a banking system as interconnected as the Russian…