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Sceptical Scot

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Alistair Milne

About Alistair Milne

Professor of Financial Economics, Loughborough University

Why ejecting Russia from Swift is largely symbolic

March 1, 2022 by Alistair Milne 3 Comments

‘It is conceivable that all this could lead to a rapid collapse of the Putin autocracy, but we should not engage in wishful thinking. Wide-ranging economic sanctions on Russia may be needed for a lengthy period of time. Ejection from Swift is a symbol of these efforts, not a powerful economic tool that can constrain Russia’s actions in Ukraine at little cost to ourselves.’

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Welcome to Sceptical Scot, Scotland’s premier non-tribal forum for passionate, informed debate. Sceptical Scot is for all who care about Scotland’s future, regardless of how they vote: for party, independence or union, EU or Brexit. We aim to provide an arena that is both broader and deeper than current online/print offers with a rich diet of well-researched, polemical, thought-provoking writing. Read more » about About Sceptical Scot

What’s new on Sceptical Scot

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  • A letter on Ukraine from Berlin Hbf March 6, 2022
  • Strategy for going everywhere and nowhere March 5, 2022
  • Postscript: Infants in care – out of sight out of mind? March 4, 2022
  • Why ejecting Russia from Swift is largely symbolic March 1, 2022
  • What are Scotland’s real choices? February 27, 2022
  • Keeping the Promise (and the faith) February 17, 2022
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