But keeping banks from accessing SWIFT is not, on its own, the financial nuclear weapon some suggest. Denying access to SWIFT, for example, does not stop banks from communicating or transacting ...

A powerful coalition of democracies announced it would cut off some Russian banks from the global payment system Swift. Here’s how Swift works, and how the move could ramp up pressure on ...

The European Union is set to instruct the Swift financial network to delist seven banks, including Russia's VTB Bank, in the bloc's latest move to put economic pressure on the Russian government ...

U.S. and European authorities tightened sanctions on Russia by moving to cut off certain Russian banks from SWIFT, the Society for Worldwide Interbank Financial Telecommunication.

The bank-to-bank transfer using the SWIFT system was symbolically important, indicating the war-torn country was reintegrating into the global financial community.