The Latest Breaking News from SWIFT

President Biden slapped economic penalties on Russia, including ones to deprive Moscow of key military technologies after it invaded Ukraine.

Ukraine foreign minister voices anger as EU leaders decide against blocking Russia from international payments system

The United States and its allies are coordinating new sanctions on Russia after Moscow recognised two regions in eastern Ukraine as independent, officials said.

U.S. and European officials are finalizing an extensive package of sanctions if Russia invades Ukraine that targets major Russian banks, but does not include banning Russia from the SWIFT financial system, according to U.S. and European officials.

Faced with the imminent possibility of a Russian invasion of Ukraine and what appears to be a deteriorating diplomatic stand-off, NATO and other western allies are again turning to sanctions in the absense of other viable options. Since the second world war governments around the world have turned to sanctions…

Western countries have threatened to impose new financial and economic sanctions on Russia if it invades Ukraine.

The financial options being considered to punish President Vladimir Putin if Russia invades Ukraine range from the sweeping to the acutely personal — from cutting Russia off from US dollars and international banking to slapping sanctions on a former Olympic gymnast reported to be Putin’s girlfriend. Publicly, the United States…

The financial options being bruited about to punish President Vladimir Putin if Russia invades Ukraine range from the sweeping to the acutely personal

What War in Ukraine Would Look Like—and How America Should Respond