> If it is so, I’m not sure how you can cut swift from a country. It doesn’t sound like a centralized thing.
Like any other sanctions: the government says “If you do X, don't do it with any Russian bank. If you do, people with guns will come, throw you personally in jail, and impose financial penalties on your business.”
And then transactions from Russian banks to banks in countries with that kind of sanctions suddenly have a very high rate of falling into the bit bucket without having any business effect.
Like any other sanctions: the government says “If you do X, don't do it with any Russian bank. If you do, people with guns will come, throw you personally in jail, and impose financial penalties on your business.”
And then transactions from Russian banks to banks in countries with that kind of sanctions suddenly have a very high rate of falling into the bit bucket without having any business effect.