“There’s no doubt that in the short term restricting Russian - TopicsExpress

“There’s no doubt that in the short term restricting Russian usage of SWIFT would be extremely disruptive to Russian financial and commercial activities,” said Richard Reid, a research fellow for finance and regulation at the University of Dundee in Scotland. “However, it may carry a longer-term downside, namely the likelihood that large chunks of Russian international payments flows would move to much less well monitored and measured financial channels and thus be beyond sanctions at any future point.” zerohedge/news/2014-08-29/kick-russia-out-swift-uk-demands-beware-retaliation

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