> A question: does Switzerland have any prior precedent of actions like this? I thought they were neutral?
They aren't that neutral.
> Close cooperation has also been established in the area of international sanctions. As of 2006, Switzerland has adopted five EU sanctions that were instituted outside of the United Nations. Those affected the former Republic of Yugoslavia (1998), Myanmar (2000), Zimbabwe (2002), Uzbekistan (2006) and Belarus (2006). [0]
There were many more since.
> de-dollarization in China
I'm not sure how you mean this (which side), but I think a de-dollarization in China would be terrible. Countries will still rely on their manufacturing etc, so sanctioning them out of SWIFT would probably just weaken SWIFT, since it'd encourage them to have their own system (since it must exist by necessity of the world's dependence on Chinese stuff). These sort of sanctions only work because there's just a small fraction/party being excluded, I think.
They aren't that neutral.
> Close cooperation has also been established in the area of international sanctions. As of 2006, Switzerland has adopted five EU sanctions that were instituted outside of the United Nations. Those affected the former Republic of Yugoslavia (1998), Myanmar (2000), Zimbabwe (2002), Uzbekistan (2006) and Belarus (2006). [0]
There were many more since.
> de-dollarization in China
I'm not sure how you mean this (which side), but I think a de-dollarization in China would be terrible. Countries will still rely on their manufacturing etc, so sanctioning them out of SWIFT would probably just weaken SWIFT, since it'd encourage them to have their own system (since it must exist by necessity of the world's dependence on Chinese stuff). These sort of sanctions only work because there's just a small fraction/party being excluded, I think.
[0] https://en.wikipedia.org/wiki/Switzerland%E2%80%93European_U...