Quote Originally Posted by Suppressed Poet View Post
I work for a big bank in a niche part of financial services, but honestly no idea about SWIFT until I started reading about it this week. My limited understanding is that if they are ejected from that, it essentially cuts off Russia from financial exchanges with the Western world. Sounds like that would hurt them a lot, but also be painful for Europe as well.
Yeah, cutting them off from swift is the nuclear option. Like I said earlier, I don’t think the EU has the stomach for it. They need russia for energy.