The West has announced a barrage of tough new sanctions aimed at cutting off Russia's banks from the global financial system and depriving the country of vital technology. Yet a punishing financial weapon is being kept in reserve
The United States and the European Union held back from cutting Russia off from
is our sharpest sword," Christian Democratic Union lawmaker Norbert Röttgen said Thursday on Twitter."The would make it much harder for financial institutions to send money in or out of the country, delivering a sudden shock to Russian companies and their foreign customers — especially buyers of oil and gas exports denominated in US dollars.
system, it becomes difficult," he told the BBC.What happens if Russia is removed?There is precedent for removing a country from users to communicate with Russian banks, according to Shagina. But the pain could be widespread. Senior Russian lawmakers have said that shipments of oil, gas and metals to Europe would stop."If Russia is disconnected from
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