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Russia Banned From SWIFT: What is SWIFT? What Cutting off Russia Means?

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As a last resort to end the Russia-Ukraine Crisis, the western leaders have announced cutting off the Russian banks from SWIFT. This will make it harder for Russian companies and citizens to trade with the rest of the world.

But, what exactly is Swift? How severely will the ban affect Russia’s economy? And what’s next?

What is SWIFT?

Formed in 1973, SWIFT is a Belgium-based financial system run by its member banks and overseen by the National Bank of Belgium along the European Central bank and the U.S. Federal Reserve System. The system handles millions of daily payment instructions.

It connects over 11,000 financial institutions across more than 200 countries. However, Iran and North Korea are cut-off from SWIFT.

SWIFT routes messages with instructions from one bank to another, allowing them to know where the money should ultimately land. The system is needed because moving money from one account to another often bypasses multiple banks before landing in their final destinations, particularly foreign currency.

Davis Center for Russian and Eurasian Studies’ executive director, Alexandra Vacroux at Harvard University, says, “It doesn’t move the money, but it moves the information about the money.”

As trillions of dollars are traded between governments and companies, SWIFT sends over 40 million messages daily. 1% of which involves Russian payments.

How Will the SWIFT Ban Affect Russia?

Russia’s exclusion from SWIFT would damage the country’s economy right away and cut off the country from a wide range of international financial transactions in the long run. This includes oil and gas profits from global sales, which account for more than 40% of Russia’s revenue.

Sergei Aleksashenko, former deputy chairman of the Russian Central Bank, commented: “There will be a catastrophe on Monday.” According to the president of the European Union, Ursula von der Leyen, the decision to paralyze the assets of the Russian central bank would prevent the Kremlin from utilizing its forex reserves.

This is the toughest sanction against Moscow since its forces entered Ukraine, and it will likely have a serious impact on a country because of heavy reliance on the SWIFT platform for the payment of oil and gas exports. In the financial world, cutting a country off from SWIFT is equivalent to preventing a nation from using the Internet.

Also Read: Russia Sanctions: How is the Most Sanctioned Nation in World Coping with the Measures?

The only country to have been cut off from SWIFT prior to this was Iran. This resulted in the country losing a third of its foreign trade. At present, only some Russian banks are covered by the sanctions. However, the U.S. and its allies are holding back on the option of expanding it even further to a pan-country ban as an escalatory move.

What Does the Move Aim to Achieve?

It is expected that excluding Russian banks from the SWIFT platform will drastically impact its economy, and it will force the country to rely on telephones and fax machines to make payments.

The decision to target only some Russian banks seems intended to keep the option of further escalation open while ensuring that Moscow will suffer the maximum impact of the sanctions while preventing a major impact on European companies that deal with Russian banks for payments for gas imports. Moreover, the curbs will prevent Russia’s central bank from tapping into its forex reserves to limit the effects of sanctions.

Russia has been accumulating foreign exchange reserves since the previous round of sanctions in 2014, hitting a record high of $630 billion in January 2022. However, due to the new measures, the country’s central bank’s reserves will be significantly reduced.

SWIFT Ban: Is There an Escape?

Although there have been workarounds for SWIFT, none have proven successful. In the last seven years, the Central Bank of Russia has developed an equivalent of SWIFT, the financial transfer system designed by the World Bank. According to reports, the Russians and Chinese are collaborating on an upcoming venture to challenge SWIFT.

Moscow may use this platform to some degree to circumvent the partial ban, which could soon become a complete ban.

It may take some time for the ban to impact, but what is important is that Western nations demonstrate a firm resolve. Ukraine’s Prime Minister Denys Shmyhal said the latest economic sanctions were “a real help during this dark time.”

Russia Banned From SWIFT: Ripple Effects on the Global Economy

Blocking Russian banks from SWIFT has been fraught with difficulties.

Even as Ukraine has been urging Western nations to kick Russia off the payments system and has the backing of countries such as the United Kingdom, others, such as Germany, have been concerned about the impact on their economies and businesses.

Also Read: Looming Food Crisis in 2022: Why Are Food Prices Skyrocketing Globally?

French Finance Minister Bruno Le Maire called the SWIFT ban a “financial nuclear weapon.” He told reporters:

“When you have a nuclear weapon in your hands, you think before using it.”

Despite the multiple ways in which geopolitical tensions between Russia and Ukraine can negatively affect the international economy, including tighter global financial conditions, increased uncertainty, and a weakening of global demand, higher commodity prices, especially oil, are the most important transmission channel.

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Same Weapons, Same Wounds: How Israel’s Genocide In Gaza Is Reappearing in Lebanon

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A surgeon can sometimes read a battlefield from the condition of wounds it leaves behind. In Gaza, doctors have described bodies unimaginably pierced by tiny metal fragments that cause far greater damage than the skin first reveals. Unfortunately, similar injuries are now being reported in Lebanon. Although the place has changed, the pattern is becoming familiar.

These are small entry wounds, causing deep internal destruction. While civilians are being pulled from rubble, hospitals are overwhelmed, and Israel calls it “security.” Israel’s ongoing genocide in Gaza has already shown the world what happens when a civilian population is heavily bombed, starved, displaced, and left without a functioning health system.

Lebanon is now witnessing a face of Israel that is not hidden to anyone, as the assault carries many of the same signatures. Although not the same history, geography, or logic, Israel is destroying the conditions of ordinary life and targeting civilian lives as it has been doing in Gaza for years.

The Tungsten Cubes Linking Gaza and Lebanon

One of the most alarming links between Gaza and Lebanon is the use of weapons that release tiny tungsten cubes. These small metal cubes were already seen in Gaza injuries, and these are not just ordinary metal cube fires.

Human Rights Watch also documented similar fragments in Gaza in its 2009 report named “Precisely Wrong.” It found tiny metal cubes, about 3mm on each side, in victims’ bodies and numerous other strike sites. When they brought them into the laboratory, they found that it was tungsten, with traces of nickel and iron. These are usually fired using a Spike Missile.

The real cruelty of this kind of fragmentation is that it is not always visible at first glance. For instance, a person may have small wounds on the outside while the inside of the body is torn apart. These dense metal fragments can rip through organs, blood vessels, nerves, and bone. Especially for children, the elderly, and the people already weakened by hunger or displacement, survival becomes even harder.

Gaza’s Genocide as a Warning

The heinous genocide in Gaza has already shown the full horror of Israel’s cruel methods. Palestinians have been martyred in staggering numbers, entire neighborhoods have been flattened, and families have been buried under concrete.

The suffering did not end with the so-called “ceasefire language.” Even on May 10, 2026, Israeli strikes killed numerous innocent Palestinians. In this context, Gaza’s health officials have highlighted that more than 850 Palestinians have been killed since the ceasefire that was announced in October 2025.

When it comes to the humanitarian figures, the World Food Programme has reported that 1.6 million people, around 77% of Gaza’s population, are facing acute food insecurity. It also includes 100,000 children and around 37,000 pregnant and breastfeeding women. These are not just background statistics but a daily reality of a population being forced to survive without enough food, medicine, shelter, or safety.

Moreover, hospitals in Gaza reflect the same story. Gaza’s entire medical system has been brutally attacked, besieged, deprived of fuel, and overwhelmed by mass injuries. Doctors have performed amputations in absolutely impossible circumstances. Patients have lain on rubble-led floors while premature babies, cancer and dialysis patients, and trauma victims have all been broken by siege and bombardment.

Lebanon Is Seeing the Same Pattern

Unfortunately, Lebanon is now being dragged into the same machinery of destruction. More than 2,700 people had been killed in Lebanon since March 2026, with more than 1.2 million displaced. Israel also struck Beirut even after a ceasefire had been declared, marking a dangerous escalation and exposing how fragile such ceasefires become when Israel continues to reserve the right to bomb.

The strikes have not been limited to empty fields or isolated military positions. On May 9, an Israeli strike on the southern Lebanese town of Saksakiyeh killed at least seven innocent people, including a child, and wounded 15 others. Emergency responders were seen searching through the wreckage.

In addition to that, Israeli airstrikes in southern Lebanon killed people in Toura and Kfar Chouba, including a paramedic, while residents of villages in Tyre province had received evacuation warnings.

Ceasefire Without Safety

The word “ceasefire” has become painfully empty for many Palestinians and Lebanese civilians. In Gaza, a ceasefire did not stop the genocide, including killing, starvation, or fear. While in Lebanon, a ceasefire has not stopped Israeli strikes, displacement, or the expansion of insecurity.

The United Nations warned Israeli strikes in Lebanon may breach the ceasefire, while Lebanese authorities said nearly 2,500 people had already been killed by late April amid heavy damage to civilian infrastructure.

However, the great imbalance of destruction remains central. Gaza has been turned into rubble. South Lebanon is now facing repeated bombardment, village evacuations, damaged infrastructure, and mass displacement. The same vocabulary appears again and again: “targets,” “militants,” “security,” “precision.” Yet beneath that language are innocent families, children, doctors, drivers, farmers, shopkeepers, and rescue workers.

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38,000 Women and Girls Slaughtered: UN Confirms Gendered Impact of Israel’s Gaza Genocide

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Shockingly, 47 women and girls are being killed in Gaza every single day. A recent UN report mentioned more than 38,000 women slaughtered by Israel during its heinous genocide. Previously, in 2024, the health ministry in Gaza estimated that 70% of those killed in the war were women and children.

Moreover, the impact on Gaza’s healthcare sector is so severe that death figures are hard to evaluate in real terms. This demonstrates the severity of the gender-based violence that Gaza’s residents are enduring, even after the so-called “ceasefire” in 2026.

Impact of Israel’s Genocide on Women and Girls

The UN Women’s report also documents almost 19,000 injured women and girls who have been permanently disabled from their injuries. The Head of Humanitarian Action at UN Women said: “This is the highest percentage in any conflict to date and the highest percentage of women killed in any conflict ever recorded.”

Several medical professionals who have practiced within the Gaza Strip have reported that most of the breastfeeding mothers have not been able to provide breastmilk for their child due to malnutrition, the loss of a loved one, or lack of medical care.

By early 2026, the official figures from the Ministry of Health in Gaza estimate more than 50,000 women have been killed, but this is most likely an underestimation due to the number of people left under rubble.

There is also credible evidence of sexual violence during the genocide. For instance, in a statement issued in 2024, the United Nations’ Special Representative regarding sexual violence during genocide called for an objective investigation of “credible allegations of sexual assault” of Palestinians in detention, including females being detained by the Israelis.

Maternal Health and Obstetric Care

Pregnant women and new mothers in Gaza are facing a severe maternal healthcare crisis. Hospital infrastructure continues to be bombed by Israeli airstrikes, leaving fewer resources available for providing maternal care. Maternal healthcare resources have also been severely limited, as well as the ability to respond to maternal emergencies.

Women who are giving birth to children are being exposed to an increased risk of maternal death. They are giving birth at healthcare centres that have been partially abolished and are unable to provide surgical intervention. Moreover, some hospitals that are still left lack basic tools such as anaesthesia. The World Health Organisation has been reporting that disruption to the delivery of healthcare and access to medical supplies is directly related to the peak hostilities in northern Gaza.

The UNFPA refers to the Gaza Strip as the most dangerous place in the world for a woman to give birth, due to the increase in the rate of infant mortality. It is reported that an average of 15 women give birth to children outside the hospital per week with no assistance, and if a woman can give birth in a hospital:

  • C-sections were being performed without anaesthesia in many places, as reported by MSF staff from field hospitals.
  • There was an increase in maternal deaths due to hospital closures because of a lack of electricity, surgical services, and staff.

Women’s Right to Food, Water, and Shelter in Gaza

The sieges and destruction of the infrastructure create immense problems for women in particular. Women and men have been forced into shelters with abysmal sanitation. Both UNFPA and UN Women have reported the lack of sanitary products, privacy, and safe water for washing in many displacement sites. These are not insignificant aspects, as for protracted displacement, lack of sanitation and hygiene infrastructure leads to illnesses, poor health, and increased vulnerability.

Additionally, numerous impacts have also occurred due to food insecurity. Pregnant and lactating women have been among the first affected by severe malnutrition. Nearly 790,000 women and girls are living with crisis and catastrophic levels of food insecurity, according to UN Women.

Psychological services are also lacking since most people in Gaza suffer from trauma, according to the World Health Organisation (WHO). Women who have lost their husbands and multiple members of their families are experiencing major problems with their mental health.

Data Does Not Reveal the Suffering and Trauma of Gaza Women

A young Palestinian girl, Mona, described her mother and sister dying instantaneously due to a bomb, and she found “pieces of their bodies“. She reported herself being completely numb, and stories such as hers occurred throughout Gaza. Hind Rajab, a 5-year-old Palestinian girl, was shot 335 times by an Israeli tank. There are a lot of horrific stories of Gaza women.

In a nutshell, women’s rights in Gaza, broadly construed, have been assaulted not just by violence but by the destruction of mechanisms of health care, legal, and other services. This is the starting point for any objective assessment of this unprecedented genocide. It must be stopped before the atrocities of Israel and its allies start to engulf the entire world.

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Sudan’s War and the Fracturing of the Muslim World: A Crisis Beyond the Headlines

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The situation in Sudan is now more than just another news story. The conflict, which broke out in April 2023, is now in its fourth year and has left tens of thousands dead, more than 14 million people displaced (nearly a quarter of the population), and pushed the country to the brink of famine. But beyond Sudan’s borders, the war is barely making headlines.

What started as an internal power struggle between two generals has descended into a bloody impasse, rending communities, decimating hospitals, and weaponizing food. Behind the conflict, there’s a bigger story: how this overlooked war is revealing the ugly divisions in the Muslim world. Rather than solidarity, we witness vested interests, selective muteness, and an idealised concept of Muslim unity replaced by geopolitics.

Sudan War 2026: What’s Happening?

The Sudanese war is a battle between two armies:

  • General Abdel Fattah al-Burhan’s Sudanese Armed Forces (SAF)
  • General Mohamed Hamdan Dagalo’s Rapid Support Forces (RSF), also known as “Hemedti.”

The RSF controls most of Darfur and Kordofan, and has solidified its control in most of Khartoum and its surroundings. Contrarily, the SAF controls the north and some of the east, and recently began counterattacks in Omdurman. Both sides are far from victory and the peace table. Humanitarian assistance is being looted and stolen. Furthermore, rape is being reported at a “catastrophic” rate.

  • There are more than 4.4 million refugees in neighbouring nations like Chad, South Sudan, and Egypt.
  • Over 21 million people are in need of humanitarian aid because of famine or malnutrition in areas such as El Fasher and Kadugli.
  • Hospitals and humanitarian assistance are also heavily affected by the conflict with the World Health Organization (WHO) reporting over 200 hospital attacks during the war.

What Caused the Civil War in Sudan?

There are three primary causes behind this unfortunate crisis as follows:

Competition and Conflict among Factions

The military forces in Sudan removed President Omar al-Bashir from power and established a transitional government council made up of two opposing armies, as mentioned earlier. The leaders of these two forces colluded to delay power to a civilian government in 2021, staging a coup.

Political Instability after Regime Change

A short-lived democracy ensued after the revolution of 2019. There were no leaders, parties were torn, and the international community was silent. When Bashir was pushed aside, institutions were filled with armed groups with guns and money.

Economic and Regional Inequalities

Sudan has a long history of disparities. There have been instances of discrimination and attacks on regions, such as Darfur. The poor areas suffered from inflation and a resource war, which ultimately divided Sudan.

Sudan has many resources, such as gold in Darfur and a beautiful Nile Valley. RSF had support in Darfur, whereas SAF in the north and east, as previously highlighted.

Who’s Financing the Conflict?

The other question is who finances the war in Sudan. This is a mixture of domestic and international sources.
Funding sources include:

  • Natural resource funding: The RSF owns many of the gold mines that give it enough resources to fight.
  • Regional Powers: Some states are secretly helping SAF against the massive forces of RSF.

In short, the RSF is suspiciously linked with the United Arab Emirates, which is allegedly involved in arms and gold smuggling in Darfur. However, the UAE denies military aid, but is being sued by Sudan in the International Court of Justice. The RSF has mining profits and a government of the occupied territory.
On the other hand, SAF has Egypt, the Nile, and the border. The legitimate government has the backing of Saudi Arabia and others.

Sudan and the Muslim World in Crisis

The Muslim world has been facing a multi-faceted crisis for the past two years that has similar patterns. There has been international intervention on a scale, wars for resources, failed or failing states, and the international community is divided to tackle the crises. Rather than consensus, there is disunity and division.

The nature of these crises is different, but the common thread is that there is no unity among Muslim-majority countries and organisations.

  • Israel is currently involved in genocidal activities like bombing and starving Gaza. The agreement between Lebanon and Israel was supposed to be kept, yet Lebanon remains vulnerable to attacks and is displaced from reconstruction.
  • Iran is recovering from the war with Israel and the US. It is suffering economically from sanctions, attacks, and trade issues.
  • Yemen and Syria continue to suffer from war, while Pakistan and Bangladesh have experienced political upheaval.

However, the Organisation of Islamic Cooperation has been unable to respond significantly to any of these events.

The Way Forward

Peace involves putting an end to combat and the cessation of fighting between opponents and allowing them to embrace reconciliation. The international community must adopt a new approach to the problem that would involve fewer arms and increased humanitarian aid.

Gaza and Sudan represent a case of uneven consensus among the Muslims. It is therefore the need of the hour to tackle all the challenges with the strong and practical notion of the Muslim Brotherhood.

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