September 25, 2014 | Quote

Senators Urge Admin to Ban Russia From Global Financial System

Mark Dubowitz, executive director of the Foundation for Defense of Democracies (FDD), said that excluding Russian banks from SWIFT would send a “powerful message.”

“Removing select Russian banks engaged in financial activities that contravene Swift’s bylaws would be a powerful message to send to the Russian government that banking regulators won’t permit financial institutions that threaten the integrity of the global financial system to access global financial networks,” Dubowitz said.

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