SWIFT Sanction on Russia: How It Works and Likely Impacts
March 4, 2022
Banning Russian banks from the financial messaging system freezes their ability to transact with the rest of the world and can impose tremendous costs.
Russian forces invaded Ukraine in February 2022 in a drastic escalation of prior military incursions. Our posts cover some of the economic ramifications of the invasion, including the war’s evolving impact on energy markets and the ripple effects on global inflation; as well as the application of economic sanctions on Russia.
March 4, 2022
Banning Russian banks from the financial messaging system freezes their ability to transact with the rest of the world and can impose tremendous costs.
March 3, 2022
In the wake of Russia’s invasion of Ukraine, an alliance of governments announced sanctions aimed at Putin, members of the Duma, and Russian oligarchs. Chris Miller discusses their likely impact.