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 Rufe nach  SWIFT Ausschluß für Russland infographic
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UKRAINE

SWIFT sollte für Russland verboten werden

By Phil Bainbridge

February 25, 2022 - Die Regierung der Ukraine - und auch andere im Westen - wollen russische Banken vom SWIFT System, dem sicheren globalen Zahlungssystem, ausschließen. Dieser Schritt sollte Russland vom internationalen Handel ausschließen.

SWIFT, the Society for Worldwide Interbank Financial Telecommunications is an international network set up by around 11,000 financial institutions to facilitate faster cross-border payments, without the need to transfer money from one place to another. Barring Russian institutions would greatly add to the cost of doing business with them.

However, there is opposition to a ban as Russia would likely turn to alternatives including the Chinese Cross-border Interbank Payment System, which was designed to boost the international use of the yuan and could damage theposition of the U.S. dollar as the global reserve currency, or even cryptocurrencies such as Bitcoin. It would also,ikely lead to a spike in energy prices as Europe’s main supplies of natural gas and fossil fuels come from Russia.

Sources
PUBLISHED: 25/02/2022; STORY: Graphic News; PICTURES: Getty Images
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