Germany vetoed it. So Russia has Germany at its balls, gas I assume. The official secret partyline is that they have massive debt in Russia. As if they cannot confiscate all the European assets, which would be roughly 1000x more.
And without SWIFT the sanctions are useless. Now only mass strikes in the Ukraine can bring down the new soon to be selected leaders.
Or giving every Ukrainian a gun. Which would eventually lead to an American-style society. Ukranians didn't opt for that.
Czechs have a 500 year old gun culture, and were quite well armed. It is a shall-issue country, and every gun permit is automatically a concealed carry permit. Today, close to 20-25% of the country own guns, probably more undeclared owners.
Nevertheless, it got occupied by Germany and by Russia on two separate occasions, and at some point "elected" Hapsburgs.
The days of "God made Men. Smith&Wesson made them equal" are long past, and we are now well into the age of neo-feudalism.
And without SWIFT the sanctions are useless. Now only mass strikes in the Ukraine can bring down the new soon to be selected leaders.
Or giving every Ukrainian a gun. Which would eventually lead to an American-style society. Ukranians didn't opt for that.