The White House has announced that the United States and allies are taking action that could potentially cripple Russia's economy in response to the Ukraine invasion. Western nations have agreed to ban certain Russian banks from accessing the SWIFT international banking system (Society for Worldwide Interbank Financial Telecommunication). The move…
Nations in the West are pushing for the "financial nuclear option" of banning Russia from SWIFT over the invasion of Ukraine. According to Lithuania’s prime minister, Western partners are inching closer to ejecting Russia from the SWIFT global interbank payments system. “Our goal is that the decision is taken as…