Russia has developed its own financial messaging system, but it doesn't have very many financial institutions. Na natod: I think russia would like to see as russia's nato. But the point of a messaging system is to be in touch with as many institutions as possible.
The US and EU are denying a handful of Russian banks access to SWIFT, a key tool in the global financial system.
This episode was produced by Miles Bryan, edited by Matt Collette, engineered by Efim Shapiro, fact-checked by Laura Bullard, and hosted by Noel King.
Transcript at vox.com/todayexplained
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