A market rally attempt during Russia's Ukraine invasion has a lot to prove. Watch out for a "Swift reversal." But investors should get ready. Read More...
Reuters
U.S., allies target ‘fortress Russia’ with new sanctions including SWIFT ban
The United States, Britain, Europe and Canada on Saturday moved to block certain Russian banks’ access to the SWIFT international payment system in further punishment of Moscow as it continues its assault against Ukraine. The measures, which will also include restrictions on the Russian central bank’s international reserves, will be implemented in the coming days, the nations said in a joint statement that also vowed further action to come. “We will hold Russia to account and collectively ensure that this war is a strategic failure for Putin,” the leaders of the European Commission, France, Germany, Italy, Great Britain, Canada and the United States wrote.
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