Swift: EU leaders line up to back banning Russia from banking network


https://www.theguardian.com/world/2022/feb/26/swift-eu-leaders-line-up-to-back-banning-russia-from-banking-network

More EU countries – including France, Italy and Greece – have said they would back a ban on Russia using the Swift global payments network in a bid to pile further pressure on the country after its invasion of Ukraine.

Cyprus and Hungary also said they would support such a measure.

The move, which it is hoped would hit Russian trade by making it harder for companies in the country to do business, is being considered to escalate sanctions on Vladimir Putin’s regime.

Monday should be interesting!


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