The days when the US could use the SWIFT interbank financial transfer system as a weapon are drawing to a close. From Tom Luongo at tomluongo.me:
During the ruble crisis of 2014/15 Russia announced in the wake of U.S. and European sanctions over reunifying with Crimea that it would begin building a domestic electronic financial transfer system, an alternative to SWIFT.
That system, System for Transfer of Financial Messages (SPFS), is not only now functioning in Russia, according to a report from RT it now handles the financial transfer data for more than half of Russia’s institutions.
STRAIGHT LINE LOGIC 