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Home Banking & Investment Services

EU nearing decision on cutting Russia off from Swift: French official

admin by admin
26 February 2022
in Banking & Investment Services, Business, Civil Unrest, Emerging Market Countries, Europe, European Union, France, International / National Security, International Trade, Military Conflicts, N2:DIP, N2:FNMKT1, N2:NEWS1, Old Economy, Old Europe, Old Politics, Politics, Russia, Ukraine
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EU nearing decision on cutting Russia off from Swift: French official

Illustration shows Swift logo and Russian flag

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PARIS (Reuters) – Discussions among European Union members about excluding Russia from the Swift international payment system are close to reaching a successful conclusion, a French presidential official said on Saturday.

The official, who was speaking on condition of anonymity, said that no EU member state was blocking Russia’s exclusion from the system, but that the talks were still ongoing.

(Reporting by Tassilo Hummel; editing by Christian Lowe)

tagreuters.com2022binary_LYNXMPEI1P0CA-BASEIMAGE

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