The SWIFT Effect: Financial Warfare in Geopolitics

This chapter examines SWIFT's critical role as a financial tool in geopolitical conflicts, particularly its impact on Russian banks amid the Ukraine invasion. The discussion highlights past sanctions, economic struggles in affected nations, and challenges faced by countries trying to circumvent these financial restrictions. It further explores the potential fragmentation of international finance and the ongoing dominance of the dollar in light of alternative financial systems being developed by countries like China and Russia.