The West detonates the Swift “bomb” and attacks the Russian Central Bank
The United States, the European Union and their allies put in place “devastating” sanctions against Moscow. Will this make Putin back down?
Demonstration on Saturday in Geneva on the Place des Nations calling on Western powers to hit Russia on the wallet by excluding its financial institutions from the Swift interbank messaging system.
KEYSTONE
The West strikes back. In response to the invasion of Ukraine, a veritable economic war is launched against Moscow. With two weapons of choice. The first is the expulsion of many Russian banks from the indispensable Swift international messaging system. The second is the freezing of all assets of the Russian Central Bank abroad. These potentially devastating sanctions were announced on Saturday by the United States, the European Union, the United Kingdom and Canada. Since then, Japan in particular has joined the offensive. Will she be likely to push back Vladimir Putin?