What Is SWIFT, And Why Does It Matter In The Russia-Ukraine War?
What Is SWIFT, And Why Does It Matter In The Russia-Ukraine War?
Author Sigrid Forberg March 9 2022
Russia has been partly cut off from the SWIFT system for transferring money.
In the wake of Russia’s invasion of Ukraine, global leaders have been imposing sanctions on the country’s banks, its president, Vladimir Putin, and some of its wealthy oligarchs.
“Russia is heavily reliant on SWIFT due to its multibillion exports of hydrocarbons denominated in U.S. dollars,” she wrote. “The cutoff would terminate all international transactions, trigger currency volatility and cause massive capital outflows.”
The leaders of the European Commission, France, Germany, Italy, the U.K.,, Canada and the U.S. announced in a joint statement on Feb. 26 that they were condemning “Putin’s war of choice” and banning select Russian banks from the SWIFT messaging system. The ban notably excludes Russia’s oil and gas exports. A SWIFT ban has been called the “nuclear option” in the international community’s confrontation with Putin.
But what is SWIFT? For those who are only just hearing of this for the first time, here’s what you should know about this global financial network, as well as what impact the ban may have on Russia and the world.
What is SWIFT?
SWIFT, or the Society of Worldwide Interbank Financial Telecommunication, is a high-security messaging network for banks and financial institutions. Based in Belgium, it’s sometimes described as the Gmail of global banking.
It was created in 1973, replacing the previous telex system for cross-border payments. The idea was to create a "common language" for banks from all around the world to move money and carry out other transactions.
It has since grown to serve more than 11,000 financial institutions in 200 countries and territories. In 2021, it averaged 42 million messages per day.
Why Is That Important?
While the network doesn’t hold any assets or actually move money, access to SWIFT means funds can be exchanged between member institutions easily and securely. Other payment systems do exist, but SWIFT dominates the market.
In addition to payment instruction messages, it also transfers messages between institutions relating to everything from the trade of precious metals to traveler’s checks. Its latest report shows categories other than straightforward payments now account for well over half of its transactions.
What Does This Mean For Russia?
To continue reading, please go to the original article here:
Ariel: THE SEQUENCING - WHY ORDER MATTERS 9/12/26
VIII. THE SEQUENCING — WHY ORDER MATTERS
The CLARITY Act must pass before the Dinar revalues. Here's the mechanical reason:
1. CLARITY Act passes → digital tokens backed by sovereign currencies become legally recognized settlement instruments under US law.
2. SEC issues no-action letters → exchanges can list the revalued Dinar token without securities law exposure.
TNT:
Tishwash: US Chargé d'Affaires: Al-Zaidi's visit to Washington opened new horizons for the Iraqi-American partnership
The US Chargé d'Affaires in Iraq, Steven Fagin, affirmed on Saturday that Prime Minister Ali Faleh al-Zaidi's visit to Washington opened new horizons for the Iraqi-American partnership.
Fagin stated in a statement received by the Iraqi News Agency (INA) that "relations between Baghdad and Washington are on the cusp of significant development," noting "a shared commitment to strengthening the economic partnership and expanding opportunities for cooperation between the two countries."
MilitiaMan & Crew: The Sunday Night Breakdown: Patreon, Discord, and What’s Next
9-13-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
Good Morning Dinar Recaps,
FED RATE HIKE WARNING: OIL SHOCK AND INFLATION PUSH U.S. MONETARY POLICY INTO A NEW PHASE
With oil prices surging above $108 and inflation remaining stubbornly elevated, expectations for a Federal Reserve rate increase this week are reshaping the outlook for U.S. monetary policy, bond yields, debt costs and the dollar.
PM Al-Zaidi Europe Trip Targets Energy, Investment
2026-09-13 / 05:47 Shafaq News- Baghdad Iraqi Prime Minister Ali Al-Zaidi’s European tour is aimed at attracting investment and opening new channels for the country’s economy, Mohammed Al-Baldawi, spokesperson for the Sadiqoon parliamentary bloc, the political wing of Asaib Ahl Al-Haq, told Shafaq News on Sunday.
KTFA
Sunday Night Video
FRANK26….9-13-26…..Z &T
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Fed Losing Control? Treasury Market Forces Its Hand | Craig Hemke
Liberty and Finance: 9-12-2026
Craig Hemke of TF Metals Report warns that the bond market may increasingly be forcing higher interest rates on a U.S. government that cannot afford them.
He argues that Treasury intervention could mark the early stages of yield-curve control, a development he considers extraordinarily bullish for gold and silver.
Rob Cunningham: Clarity’s Momentum Window
9-13-2026
CLARITY’S MOMENTUM WINDOW
14 Positives.
BRICS aligning.
Ireland welcoming.
Iraq preparing.
Iraq 10th Among US Crude Suppliers
2026-09-13 04:55 Shafaq News- Baghdad/ Washington Iraq ranked 10th among the largest crude oil suppliers to the United States last week, with shipments averaging 46,000 barrels per day (bpd), up from 38,000 bpd the previous week, according to US Energy Information Administration (EIA) data.
Good Afternoon Dinar Recaps,
BRICS FINANCIAL SHIFT: LOCAL CURRENCIES AND CROSS-BORDER PAYMENTS MOVE INTO THE NEXT PHASE
BRICS is moving its financial cooperation from broad discussion toward practical payment and settlement mechanisms, with members promoting local-currency trade and more efficient cross-border payments while stopping short of creating a common BRICS currency.
Fiat-Backed vs. Asset-Backed Digital Currencies
9-12-2026
Fiat- and Commodity-Backed Stablecoins: Asset-Backed Digital Currencies
Explore fiat- and commodity-backed stablecoins like USDC, PAXG, and gold tokens.
Key takeaways
• Stablecoins are used to store value, send remittances, make payments, and enable DeFi access.
KTFA:
Clare: Al-Zaidi meets with Trump again in New York to discuss the withdrawal of US forces, combating corruption, and the course of the political process.
An informed source revealed on Friday that Prime Minister Ali al-Zubaidi is expected to visit the United States to participate in the work of the United Nations General Assembly in New York, which will include a meeting with US President Donald Trump to discuss issues related to relations between Baghdad and Washington and internal developments in Iraq.
The source said that al-Zaidi will head to the United States after the end of his European tour, which includes France and Germany, indicating that his meeting with Trump will focus on three main issues: the withdrawal of US forces from Iraq within the agreed timeframes, the results of the anti-corruption campaign and the expected steps within it, in addition to the course of the political process in the country.
MilitiaMan & Crew: IQD News Update: What You Need to Know Today
9-12-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
The 50 And 100 Dinar Denominations Will Return With The Change Of Currency
Sunday, economic expert Mustafa Hantoush expected that the 50 and 100 dinar denominations would return to circulation if the currency change continued, indicating the possibility of issuing new monetary denominations with stronger security specifications .
Good Morning Dinar Recaps,
HORMUZ SHIPPING HIT: NEW ATTACK THREATENS GLOBAL OIL FLOWS AS ENERGY SHOCK DEEPENS
Another vessel has reportedly been struck in the Strait of Hormuz as Saudi Arabia's oil pipeline remains shut, increasing concerns that the Middle East conflict could create a deeper and more persistent disruption to global energy supplies.
KTFA
Saturday Night Video
FRANK26…9-12-26….NOT GOING
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
TNT:
Tishwash: Source: Al-Zaidi plans US trip; Trump meeting in works
Iraqi Prime Minister Ali Al-Zaidi plans to visit the United States after a European tour to attend the UN General Assembly in New York, with three major issues on his agenda as political efforts seek to arrange a meeting with US President Donald Trump, an informed source told Shafaq News on Friday.
The source said a political intermediary who previously helped organize Al-Zaidi’s July official visit to Washington is working to secure the meeting with Trump, which has yet to be confirmed.
Secret QE is Part of the Reset, Treasury will use Stablecoins to Flood System with Cash
Daniela Cambone: 9-11-2026
“The new monetary system is already here.” E.B. Tucker explains how Treasury buybacks and stablecoin demand could quietly flood the financial system with cash.
The global financial landscape is undergoing a quiet but profound transformation. When the United States Treasury Department announced its decision to buy back $6 billion in longer-term debt—tripling its usual transaction size—many market observers immediately feared the worst.
CBI Tightens Rules For State Bank Advisers
2026-09-12 08:05 Shafaq News- Baghdad Iraq’s central bank (CBI) has tightened oversight of advisers at state-owned banks, requiring licensed financial institutions to clearly define consultants’ responsibilities and keep their roles separate from executive management, Shafaq News learned on Saturday.
Emailed to Recaps~ Thank you David
Reset Intelligence Daily - The Budget, the Bill, and the Fed
9-14-2026
Reset Intelligence: The Budget, the Bill, and the Fed.
By Reset Intelligence | @EXIT_FIAT
For 2 decades the dinar's price has had one author. This week, three hands are on it at once.