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.

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TAGGED: SWIFT, Banks, Ukraine, Sanctions, Vladimir Putin, Russia

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