Only some Russian banks have been cut off from SWIFT, not all, and their currenc... | Hacker News

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		umanwizard on March 4, 2022 \| parent \| context \| favorite \| on: How the weak can win – A primer on protracted war Only some Russian banks have been cut off from SWIFT, not all, and their currency has only dropped 30% or so, which is far from being “worth nothing”. Yes, Russia’s economy is being severely crippled. But you exaggerate the extent significantly.

gruturo on March 4, 2022 [–]

Exactly zero russian banks have been cut off from SWIFT so far. The cut will only happen on March 12th.

Source: SWIFT itself. https://www.swift.com/news-events/news/message-swift-communi...

umanwizard on March 4, 2022 | [–]

Indeed. So I should have said only some Russian banks are even going to be cut off from SWIFT (at least as far as we know now).

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