Nations Pledge To Remove 'Selected' Russian Banks From SWIFT

The video features a professor discussing the impact of recent sanctions by the Biden administration against Russia, specifically targeting President Vladimir Putin. The discussion highlights the potential minor impact of these sanctions and the broader implications of excluding Russia from the SWIFT banking system, drawing parallels with Iran's past experience. The professor explains how such exclusion could severely disrupt Russia's economy by hindering international banking transactions and forcing reliance on commodity trading.

What role did the speaker previously hold before becoming a professor?

• Advisor to the President

• Ambassador to the United Nations

• Member of the Senior Foreign Service at the State Department

• Director of National Intelligence

What is the primary reason for targeting Vladimir Putin with sanctions?

• To weaken Russia's military

• To hold him accountable for actions against another country

• To improve diplomatic relations

• To increase oil prices

What is the SWIFT system primarily used for?

• Military communications

• Global banking transactions

• Social media networking

• International travel arrangements

What could be a consequence for Russia if removed from the SWIFT system?

• Enhanced trade with Europe

• Severe economic difficulties

• Improved diplomatic ties

• Increased tourism

How would Russia conduct trade if excluded from the SWIFT system?

• Via direct cash transactions

• Using barter system

• By commodity trading

• Through cryptocurrency