SWIFT has become one of the backbones of the global banking industry and membership is essential for any institution that wishes to partake in the world’s financial marketplace. Following the Russian regime’s recent invasion of Ukraine, the global west’s leadership responded with a strong package of sanctions. Without any doubt, the hardest hitting of these sanctions was Russia’s removal from the SWIFT global banking network. However, some commentators have criticised the move alleging that it may disrupt the globalisation process. In this post we will examine what the implications of Russia’s removal from SWIFT mean for global trade, for […]
Are SWIFT Transfer Sanctions Going to Harm India?
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