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 position does the professor hold at the University of New Haven?

What recent action did the Biden administration take regarding Russia?

What is the potential impact of sanctions on Russian President Vladimir Putin?

What could happen to the Russian economy if they are removed from the SWIFT system?

How would being excluded from the SWIFT system affect Russia's ability to conduct international trade?