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15 Key Economic Questions After Russia Invades Ukraine

The Breakdown

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Will Russia Retaliate by Cutting Off Its Banks?

Swift is short for the society for world wide interbank financial tele communications. It's a global co operative of financial institutions based in belgium. Cutting off a nation's banks from swift access restricts flows into and of that nation, resulting in real economic pain. Swift sanctions could be the first domino in a sequence of events that bolster china and russia backed digital payment systems.

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