Here’s Why Russia’s Exclusion From the SWIFT Interbank Network Is a Double-Edged Sword

This is why America will only use this weapon as a last resort.

After Russia recognized two separatist regions in eastern Ukraine on February 21, 2022, America threatened Russia with sanctions like it “has never seen before”. It was Joe Biden who used these words. However, for the time being, America has limited itself to prohibiting American companies from investing in the two new autonomous regions where Russia ha…