Nations Pledge To Remove 'Selected' Russian Banks From SWIFT

Nations Pledge To Remove 'Selected' Russian Banks From SWIFT

Assessment

Interactive Video

Social Studies, Business

University

Hard

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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.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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