That's a tough one. Kicking Russia out of SWITF is a double edge sword. If the goal is to make the citizens revolt and hurt the local economies and banks, then it might work, but that can be accomplished with regular sanctions.
The Russian government has been preparing for being cut off from SWITF since 2014 when the US proposed doing so back in 2014 when Russia invaded Crimea. Part of the issue is Russian banks and foreign firms would just migrate to SPFS (Russian alternative to SWIFT -- while not as good, it still would work). SPFS would then likely receive more funding since there would be a larger market. Or Russia could use another system completely, say developed by China, which is bad for us too. Doing so would also hinder parts of the Terrorist Finance Tracking Program under SWIFT since it's used to see financial communication. As it stands right now, it's not really politized, either.
Another downside of that is more foreign firms migrate elsewhere and that has the potential to erode western power, specifically the US dollar. Iran, China, North Korea, etc. would still all trade with Russia with outside means. People may argue that it has precedence with Iran, but it's hard to compare Russia to Iran. I don't think banning Russia from SWIFT would have the same result as it did with Iran (e.g., Iran rejoined under the JCPOA years later).
I'd argue most sanctions are pretty toothless at this point with Russia. The other things you mentioned are occurring now and certain sanctions and freezing assets and such will bite for sure.
edit: https://www.cnbc.com/2022/02/26/here...sanctions.html






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