The Latest Breaking News from SWIFT

Paris (AFP) - An exclusion from SWIFT, a very discreet but important cog in the machinery of international finance, is one of the most disruptive of the possible sanctions that the West could deploy against Russia for its invasion of Ukraine.

With Russia’s military attacking across Ukraine, President Joe Biden is expected to roll out at least some of the toughest sanctions and financial penalties that the U.S. can muster in response

U.S. and European officials are finalizing an extensive package of sanctions if Russia invades Ukraine that targets major Russian banks, but does not include banning Russia from the SWIFT financial system, according to U.S. and European officials.

Faced with the imminent possibility of a Russian invasion of Ukraine and what appears to be a deteriorating diplomatic stand-off, NATO and other western allies are again turning to sanctions in the absense of other viable options. Since the second world war governments around the world have turned to sanctions…

Western countries have threatened to impose new financial and economic sanctions on Russia if it invades Ukraine.

The financial options being considered to punish President Vladimir Putin if Russia invades Ukraine range from the sweeping to the acutely personal — from cutting Russia off from US dollars and international banking to slapping sanctions on a former Olympic gymnast reported to be Putin’s girlfriend. Publicly, the United States…

The financial options being bruited about to punish President Vladimir Putin if Russia invades Ukraine range from the sweeping to the acutely personal

What War in Ukraine Would Look Like—and How America Should Respond

Growing tensions between Moscow and Western powers have raised the prospect of new sanctions on Russia, possibly the severest yet, in the event of a Russian attack on neighbouring Ukraine.