Denial of Russian Access to Bank Transfers Was Once Likened by Russia’s Prime Minister to an ‘Act of War’

‘SWIFT is the financial nuclear weapon,’ is the way it was put by France’s finance minister, Bruno Le Maire.

The erstwhile Russian prime minister, Dmitry Medvedev. AP/Yekaterina Shtukina, Sputnik, Government Pool Photo

President Putin’s decision to put Russian nuclear forces on alert on Sunday — dramatically escalating tensions over Russia’s invasion of Ukraine — was ostensibly in response to what he perceived as aggressive statements from Western countries as well as “unfriendly actions against our country in the economic sphere.”

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