Swift Financial Network News Today : Breaking News, Live Updates & Top Stories | Vimarsana

How busy you are. thank you for making time tonight. >> good to be with you, ari. >> what do you see as the status of these international sanctions impact on the russian economy? >> ari this is a direct hit on the russian economy. we said if putin escalated invasion, it will be an unjustified, unprovoked and premeditated act of aggression and we would respond with the most severe sanctions ever contemplated. we said that we would take these actions with unprecedented unity across the world. and that we would do it with speed that can be measured in hours and days, not weeks and months. we've d...

Russia is worried about the international criticism of the breadth of his campaign not being what he said he was doing, when he launched it just a few days ago. that's what he's worried about. i think he's also concerned about the reaction in russia. we are seeing deep concerns, not just the protest against ordinary russians. we are seeing people lining up at atms to get money because they are worried that russia will be cut off from the financial system. but we ourselves have to pay in advance, our hotel bills because our hotel is so concerned about russia being removed from the swift payment...

He has been involved to do what he is doing now, and it is difficult to envision a circumstance under which he is going to desist doing it, lindsey. >> david, the u.s., canada, eu, cut russia off from the swift financial network. they call this a financial nuclear weapon. what exactly does this mean for people who are not up on their knowledge of swift? what impact will it have? on>> so, swift is a worldwide system, about 11,000 banks participate in it. it was created to replace tell x way back in 1973. doing this prevents russian bank, certain russian banks from being able to dispute basic tr...