Since the nineties, there's really been huge efforts to bring russia into the global financial system. Its wealthiest citizens have assets, like we said, all over the world. The reason we're able to do sanctions right now is because it was part of that big river of capital flowing through the world ad it was a player.
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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