Axios

@axios ↗

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Last Checked May 2, 2022

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Sat Feb 26 00:46:26 +0000 2022

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Axios @axios

Cutting Russian banks' access would isolate the country from the global financial community, and put more economic pressure on the Kremlin. The U.S. and its European counterparts have so far held back from cutting off SWIFT, but it's not off the table. https://t.co/dI97ho3MRn — PolitiTweet.org

Posted Feb. 26, 2022 Hibernated

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Axios @axios

SWIFT, or the Society for Worldwide Interbank Financial Telecommunications, is a secure messaging service that more than 11k banks around the world use to communicate. "Essentially, the Gmail of global banking," as Bloomberg explained yesterday. https://t.co/dI97hnMbZP — PolitiTweet.org

Posted Feb. 26, 2022 Hibernated

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Axios @axios

European countries use SWIFT to pay Russian companies for oil and gas. Regular folks overseas are also familiar with the system, using it to conduct cross-country money transfers — to pay bills, say or send someone money. https://t.co/dI97hnMbZP — PolitiTweet.org

Posted Feb. 26, 2022 Hibernated