Countries around the world have placed sanctions on Russia for its invasion of Ukraine, with some also calling for Moscow to be banned from SWIFT, a banking communications platform used by financial institutions in over 200 countries.
CBC News takes a look at SWIFT, how Russia might be impacted if removed from the important system, and why some countries are reluctant to take that step.
What is SWIFT?
SWIFT is the acronym for the Society of Worldwide Interbank Financial Telecommunication. The Belgian-based co-operative is used by thousands of financial institutions in over 200 countries, including Russia, and provides a secure messaging system to facilitate cross-border
