And about time too. After pussyfooting about for 72 hours when urgent action was needed, the dither and delay being down to the German government, Russia is out of SWIFT, the global payments system used by banks around the world and the principal mechanism for financing international trade.
Better late than never. It is a start and a decision that ought to have been taken when Russia launched its unprovoked attack on Ukraine. It will now be possible to restrict Russian access to financial...
https://www.ship-technology.com/special-focus/opinion-why-it-is-essential-that-swift-ejects-russia/