Tag: Ukraine Issue

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Society for Worldwide Interbank Financial Telecommunication (SWIFT):

GS Paper 2: Topics Covered: Important International institutions.   Context: As tensions exacerbate between Washington and Moscow over Ukraine, political commentators say that the United States could, as a last resort, exclude Russia from the Society for Worldwide Interbank Financial Telecommunication (SWIFT).   What happens if one is excluded from SWIFT? If a country is …

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G7:

GS Paper 2: Topic covered: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.   Context: G7 has sought to present a united front against Russian aggression toward Ukraine. This decision was taken at the recent G7 meeting, attended in person by the U.S. Secretary of State Antony Blinken and his …

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