TY - UNPD A1 - Nölke, Andreas T1 - The weaponization of global payment infrastructures: a strategic dilemma T2 - SAFE white paper ; No. 89 N2 - The sixth sanction package of the European Union in the context of the aggression against Ukraine excludes Sberbank, the largest Russian bank, from the SWIFT network. The increasing use of SWIFT as a tool for sanctions stimulates the rollout of alternative payment information systems by the governments of Russia and China. This policy white paper informs about the alternatives at hand, as well as their advantages and disadvantages. Careful reflection about these issues is particularly important, given the call for an “Economic Article 5” tabled for the next NATO meeting. Finally, the white paper highlights the need for institutional reforms, if policymakers decide to return SWIFT to the status of a global public good after the war. T3 - SAFE white paper series - 89 KW - Financial Markets KW - Policy Center KW - Ukraine KW - Russia KW - Sanctions KW - SWIFT Y1 - 2022 UR - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/64733 UR - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-647338 UR - https://safe-frankfurt.de/policy-center/policy-publications/policy-publ-detailsview/publicationname/the-weaponization-of-global-payment-infrastructures-a-strategic-dilemma.html N1 - The German Research Council DFG has supported related research under the grant number NO 855/855/7-1 (https://statecapfinance.com/). IS - June 2022 PB - SAFE CY - Frankfurt am Main ER -