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Feb 28, 2022

How the rest of the world is denting Russia’s economic armor

Also today: Russian banks were cut off from the SWIFT interbank messaging system, a move that nullifies those banks’ abilities to execute transactions. We spoke to Emily Kilcrease, a senior fellow at the Center for a New American Security about the toll that will take on Russia as a whole.

Demonstrators hold a placard calling on Russia to be banned from the Swift banking system as they attend a protest rally outside of the Russian Embassy in London, on February 26, 2022 following Russia's invasion of Ukraine. - The UK government on Friday ordered all assets of President Vladimir Putin and his Foreign Minister Sergei Lavrov frozen over Russia's invasion of Ukraine. (Photo by Tolga Akmen / AFP) (Photo by TOLGA AKMEN/AFP via Getty Images)
Demonstrators hold a placard calling on Russia to be banned from the Swift banking system as they attend a protest rally outside of the Russian Embassy in London, on February 26, 2022 following Russia's invasion of Ukraine. - The UK government on Friday ordered all assets of President Vladimir Putin and his Foreign Minister Sergei Lavrov frozen over Russia's invasion of Ukraine. (Photo by Tolga Akmen / AFP) (Photo by TOLGA AKMEN/AFP via Getty Images)

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