Axios

@axios ↗

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Last Checked May 2, 2022

Created

Sat Feb 26 00:46:26 +0000 2022

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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

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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

Blocking SWIFT in Russia could actually hurt some European countries, particularly Germany and Italy. Without SWIFT it would be harder for these countries to buy much-needed Russian oil and gas. https://t.co/dI97hnMbZP — PolitiTweet.org

Posted Feb. 26, 2022 Hibernated