Swift is not the crushing blow that some say it is.
Probably not to Putin himself, to my knowledge no one has managed to show significant evidence that he has offshore accounts. But it would hopefully hurt his inner circle. IIRC the Magnitsky act really did sting quite a few of them, kicking them out of SWIFT altogether would be like the Magnitsky x 10.
Don't have a link, as I saw it on the news yesterday, but it seems that the plan B is to channel all USD transactions through a Chinese alternative to SWIFT.
Probably not to Putin himself, to my knowledge no one has managed to show significant evidence that he has offshore accounts. But it would hopefully hurt his inner circle. IIRC the Magnitsky act really did sting quite a few of them, kicking them out of SWIFT altogether would be like the Magnitsky x 10.