UK leads drive to exclude Russia from SWIFT banking network
Image Credit: zee news
The UK government is leading the charge in Europe to exclude Russia from the worldwide SWIFT banking network, as part of tough sanctions designed to deliver a financial blow to President Vladimir Putin over his invasion of Ukraine. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the world's main banking messaging service which links around 11,000 banks and institutions in more than 200 countries, including India.