The U.S. and its European allies announced sanctions on Thursday that are expected to pummel Russia’s economy following its invasion of Ukraine , but the …
The U.S. and its European allies announced sanctions on Thursday that are expected to pummel Russia’s economy following its invasion of Ukraine, but the sanctions failed to target the SWIFT international banking system. „I will not be diplomatic on this. Everyone who now doubts whether Russia should be banned from SWIFT has to understand that the blood of innocent Ukrainian men, women and children will be on their hands too,“ Ukrainian Foreign Minister Dmytro Kuleba said in a Twitter post. „Ban Russia from SWIFT.“ Ukrainian ambassador to the U.S. echoed these sentiments and urged its Western allies to block Russia from the international banking system. „We believe Russia should be discontinued from anything that democratic countries allow them to be a part of,“ Ambassador Oksana Markarova said during a press event Thursday. „We strongly ask everyone to support the discontinuation of SWIFT, disconnecting Russia from SWIFT.“ Removing Moscow from the international banking system would effectively cut Russia off from top financial networks.
