Question
The U.S., European allies and Canada agreed to remove
key Russian banks from the interbank messaging system, SWIFT. In 2014, which country was removed from SWIFT following developments of nuclear program?Solution
The U.S., European allies and Canada agreed to remove key Russian banks from the interbank messaging system, SWIFT. Moscow’s exclusion from SWIFT, which stands for the Society for Worldwide Interbank Financial Telecommunication, means Russian banks won’t be able to communicate securely with banks beyond its borders. Iran was removed from SWIFT in 2014 following developments to Tehran’s nuclear program.
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