Russia’s SWIFT Ban Could Send Shockwaves Through Oil And Commodity Markets

Russia’s SWIFT Ban Could Send Shockwaves Through Oil And Commodity Markets

OilPrice.com

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After months of frantic diplomacy, the West's worst fears finally came true on Thursday after Russian forces launched their long-feared attack on Ukraine. Russian forces have repeatedly fired missiles at military control centers in Kyiv and other regions, though they have failed to decisively take any key city amid stiff resistance from Ukrainian forces. On the same day, Western leaders slapped a raft of fresh sanctions on Russia, including the exclusion of Russia's largest financial institutions from global financial systems; imposing an asset…

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