What is Swift, the platform from which the EU has not decided to expel Russia?

FILE PHOTO: A man using a mobile phone passes the logo of global secure financial messaging services cooperative SWIFT at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo NARCH/NARCH30

The leaders of the European union they adopted theirs this Thursday tougher sanctions to date against Russia for the invasion of Ukraine. Despite this, they did not decide to disconnect the country presided over by Vladimir Putin from Swift international payment platform. Not all member states agree to use the whole arsenal at once for the consequences for Europe, and there are capitals like Berlin in favor of storing some ammunition in the chamber in case a third package of sanctions needs to be approved. . “The consequences of removing Russia from the Swift need to be assessed,” said Dutchman Mark Rutte. But what is this payment platform and why is it so important?