Phony western nations have excluded just one Russian bank from SWIFT, hard currency from energy sales continues to pour in, Ruble recovers to 84 on the Dollar

Despite Western sanctions, Russian ruble and banks are recovering

 

At the moment, only one of Russia's five largest banks, VTB, has been cut off from SWIFT and subjected to full blocking sanctions, said Fishman, who is now adjunct professor of international and public affairs at Columbia University.

 

LOL, Obama had to drop pallets of cash on Iran because of SWIFT: "U.S. and international sanctions isolated Iran from the international finance system"

 Obama 2016 swan song: 

$1.7-billion payment to Iran was all in cash due to effectiveness of sanctions, White House says

Germany will find a way to pay for heat, too. Keep a sharp eye out for flights from Frankfurt to Moscow, loaded with pallets of cash to get around SWIFT.

The West late Saturday finally does the right thing against Russia on the third day of its Ukraine invasion

 

EU, UK, Canada, US pledge to remove selected Russian banks from interbank messaging system SWIFT :

WASHINGTON —The United States, European allies and Canada agreed Saturday to remove key Russian banks from the interbank messaging system, SWIFT, an extraordinary step that will sever the country from much of the global financial system.

“This will ensure that these banks are disconnected from the international financial system and harm their ability to operate globally,” the global powers wrote in a joint statement announcing the significant retaliatory measure.

Moscow’s exclusion from SWIFT, which stands for the Society for Worldwide Interbank Financial Telecommunication, means Russian banks cannot communicate securely with banks beyond its borders. Iran was removed from SWIFT in 2014 following developments to Tehran’s nuclear program.

SWIFT is an independent enterprise based in Belgium that serves as an internal messaging system between more than 11,000 banks and financial institutions in over 200 countries and territories.

Germany is still hedging on banning Russia from the SWIFT system at this hour after worldwide outcry at EU intransigence two days ago

And as usual Biden is a follower, not a leader, still mulling over what he should do.

Austria, Hungary, France, Italy, Cyprus all have now signaled readiness to accept the draconian measure in order to cut off Russia's access to payment flows.

Germany could easily find itself without heat very shortly if it relents.

Meanwhile Ukrainians are bravely fighting off the Russians alone.