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Ukrainian officials have begun lobbying to cut Russia off from the SWIFT banking system.
Britain is also pressing for Russia to be blocked from accessing the Swift banking transaction system which is one of its main connections to the international financial system.
One Iranian newspaper said that the sultan had quietly floated an American proposal for Iran to reduce uranium enrichment in exchange for its readmission to the SWIFT banking system.
He held out the possibility of excluding Russia from the Belgian-based international Swift banking payments system, saying there was a logic to such a move if Moscow continued trying to "dismember" Ukraine.
Only then, he writes, "will sanctions be lifted, the junta driven out of power and Ukraine become democratic and federal in exchange for not taking Kiev .This warmongering is clearly aimed at the West, which is considering new sanctions, including cutting Russia out of the SWIFT banking system, something that could have a devastating impact on the economy.
Given how insecure the online world is (see, for example, the recent catastrophic attack on the Swift banking system), many of your most lucrative customers will be overseas banks, some of whose customers may well be of interest to GCHQ or HMRC.
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But both could find it hard to raise the large sums that might be required for, say, a swift bank recapitalisation in Spain.So speculation is growing that the funds would not bother with hard cash.
SWIFT bank code for Commonwealth Bank Ltd.
It will soon get resumed access to the Swift electronic banking system.
Western officials said on Friday Iran would have to fulfil a list of conditions in order to benefit from the bulk lifting of economic and financial sanctions, including an EU oil embargo and exclusion from the Swift electronic banking system.
It receives short, swift right-bank tributaries from the great escarpment of the Pennines and longer left-bank tributaries from the Lake District and its flanking limestone hills.
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