Ukraine Invasion: Why SWIFT could be the West's last resort sanction against Russia and Putin

The West is increasing pressure on Russia for launching a full-scale attack on Ukraine. In the latest development, Canada, the United States, Britain and the European Union on Friday said they could act to exclude Russia from the SWIFT global interbank payments system. Such a move could happen in coming days. SWIFT is a secure messaging system that facilitates rapid cross-border payments and is the principal mechanism for financing international trade. It was created in 1973 in Belgium. More than 11,000 banks and institutions in more than 200 countries are connected to the system. Watch this report for more.

Видео Ukraine Invasion: Why SWIFT could be the West's last resort sanction against Russia and Putin канала Hindustan Times