Does the fact that Japan have decided to join the US and European countries in removing selected Russian banks from SWIFT have any practical effect?

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The Politicus
Feb 28, 2022 05:10 AM 0 Answers
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I read on https://www.foxnews.com/world/japan-us-european-allies-blocking-russian-banks-swift (mirror):

Japan has decided to join the United States and European allies in removing selected Russian banks from the SWIFT international financial messaging system, Japanese Prime Minister Fumio Kishida said Sunday

Does the fact that Japan have decided to join the US and European countries following the ongoing 2022 Russian invasion of Ukraine in removing selected Russian banks from SWIFT have any practical effect? I.e., what does the decision from Japan add?

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