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Russia To Retaliate If Banks Given SWIFT Kick
forbes.com
Russia plans to retaliate if its banks are banned from the international banking system’s standard line of communication.
Whether it’s official paranoia or a real possibility, Russia is convinced the West is out to get them. After last year’s sanctions, the next move might be limiting banks from sending and receiving messages through the Society for Worldwide Interbank Financial Telecommunications, known as SWIFT. If that happens, Russia would look like a pariah state, comparable to Iran. A SWIFT ban, in any capacity, would also isolate Russian banking from its biggest market — Europe.
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