September 2, 2014
Ultimate Sanction: Choke Russia's Banks
C. Matlack, Bloomberg Businessweek
The Associated Press
So far, the sanctions imposed on Russia don’t seem to have caused a major disruption to its $2 trillion economy. Now some are urging the EU to wield what may be the most powerful sanctions weapon at its disposal, the same one it used against Iran in 2012: locking Russia out of the Swift interbank payments system.
TAGGED: SWIFT, Banks, Ukraine, Sanctions, Vladimir Putin, Russia