Tag Archives: U.S. dollar

Thomas Knapp: The West’s SWIFT Kick is Aimed at Russia, But Also Hits U.S. Dollar

As part of the western  response to Vladimir Putin’s invasion of Ukraine, several regimes acted on February 26 to exclude certain Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT)  network. As of March 1, Reuters reports, SWIFT says it’s awaiting a list of the sanctioned banks so that it can cut them off.… Read more ...