- Blocking SWIFT Access Would Be “Declaration Of War”: Russia Warns Against US ‘Nuclear Option’
by Tyler Durden, https://www.zerohedge.com/
Last year during the height of controversy over the Kerch Strait incident, while two dozen Ukrainian sailors were still being held by Russia, Washington’s special envoy to Ukraine at the time, Kurt Volker, floated the possibility of Washington blocking Russian banks from SWIFT. He told Voice of America at the time that it was considered “a nuclear option” and it would have huge costs which would even inadvertently impact US allies.
“People refer to it as a nuclear option. It would have costs for everybody involved,” he said. “Big costs for Russia, but big costs for allies as well. Ultimately, we have to keep it on the table as a possibility because we just can’t continue to see Russia launch further steps of aggression in its neighborhood like this.”
No doubt it’s still in Washington’s playbook as a ‘nuclear option’ long after the Kerch Strait incident was diffused with an historic prisoner swap, and the Kremlin has taken note.
On Thursday Prime Minister Dmitry Medvedev took Washington to task over the prior warning, telling reporters that Moscow is well aware of discussions to take sanctions further, even cutting off the country’s access to some 11,000 banks and financial institutions in over 200 countries by blocking SWIFT. This is exactly what the Trump White House did vis-à-vis Iran months after it pulled out of the 2015 JCPOA.