Original IREF article of 16 March 2022 accessed on 21 March 2022
Published on 23 March 2022
The EU recently announced partial financial sanctions on Russia, designed to keep payments for energy moving. The EU accepted the contention – disproved below – that a bank either gets cut off from SWIFT, the global financial telecommunications network, completely […]
Brexit-Watch article where this piece was originally published
Published on 7 March 2022
The UK’s financial sanctions over the Ukraine invasion fall well short of cutting Russia off SWIFT, maxing out on the usual self-congratulatory hyperbole whilst opening up significant risk. When we should be distinguishing our PR approach from that of the Kremlin, we instead get […]
What is SWIFT? Screenshot of its homepage
Published on 26 February 2022
As already published on Facts4EU and Brexit-Watch
It has been reported that Chancellor Scholz has rejected the proposal that Russia be cut off from the SWIFT system as a punishment for its invasion of Ukraine. The Guardian has disseminated misinformation that it would anyway do little […]