August 29, 2014 | Quoted by Brett Logiurato - Business Insider

The UK Has A Plan To Cut Off Russian Businesses From The Rest Of The World

Mark Dubowitz, the executive director of the Foundation for Defense of Democracies, compared the potential move to one leveled on Iranian institutions in 2012.

“SWIFT is the electronic bloodstream of the global financial system,” he told Business Insider in an email. “Cancelling Putin's credit card could have far reaching consequences for the Russian economy as Iran discovered when scores of its financial institutions were expelled from SWIFT in 2012.”

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