Russia sanctions reveal growing split in the global financial system.

The article reports on the alleged worsening division in the global financial system as shown in the removal of Russia from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system as a response to its invasion of Ukraine. Also cited are how the sanctions against Russia failed due to its economic independence and the attractiveness of its main exports of diamonds and fossil fuels and the new reserve currency proposed by Russia's Vladimir Putin.