![What is SWIFT [CGTN]](https://i0.wp.com/usachinatrading.com/wp-content/uploads/2022/02/What-is-SWIFT.jpeg?resize=525%2C295&ssl=1)
U.S. President Joe Biden has unveiled several new sanctions against Russia in the wake of Moscow’s military actions in Ukraine, but one major sanction considered a “nuclear option,” could have major consequences. The U.S. and its allies could kick Russia out of the SWIFT banking system. Here’s an explanation as to why such a choice is so drastic. Continue reading “What is SWIFT?”


