Ukraine conflict: What is Swift and why are leaders divided on banning Russia?
25 Feb 2022
BBC News
The UK wants Russia banned from the Swift financial network, but other countries are resisting.
Banning Russia from the system - used by thousands of financial institutions - would hit the country's banking network and access to funds. There would, however, be blowback on other countries and companies because, for example, buying oil and gas from Russia would be disrupted.