Tag: swift

SWIFT is a worldwide communication system for banks that is being used by more than 11 000 institutions. This system makes communication within those institutions almost frictionless, instant and safe.
The “financial nuclear weapon” – what is SWIFT and how can its sanctions affect Russia
February 27 2022 🕓 4 min

The “financial nuclear weapon” – what is SWIFT and how can its sanctions affect Russia

The recent events connected to the invasion of Ukraine by Russia spurred a debate about SWIFT ban for Russia as one of the sanctions.