Home » Business » “Nuclear sanction” against Russia is on the table, but it could also hurt us: what is Swift, and why is it so important?

“Nuclear sanction” against Russia is on the table, but it could also hurt us: what is Swift, and why is it so important?


A protester in Switzerland calls for exclusion from Russia. © EPA-EFE

There is a good chance that the “nuclear sanction” against Russia will come. Fortunately, these are not real nuclear weapons – their use is contrary to international law. However, to exclude Russia from the international payment system Swift. And that’s so drastic that it got that nuclear nickname. We explain why.

Koen Baumers

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