Will West sanctions change the global financial system? ...Qatar

Faced with the aftermath of Russia’s invasion of Ukraine, and recognising the limited military options open to them, Western governments understandably deployed their economic and financial arsenal. Such sanctions have been imposed on errant countries before, of course, with varying success, but not to anything like the same extent as against Russia now. Notably, the US and its allies seized much of the Russian central bank’s foreign-exchange reserves, and cut off some Russian banks’ access to the SWIFT financial messaging system for international transactions. The world has learned a new word – “deswifting” – and the financial system has been weaponised as never before. It is too early to

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Last updated : 10 May 2022 clock 12:49 AM

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Will West sanctions change the global financial system? ...Qatar

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