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Russia should not be cut off from SWIFT at the moment

by Mike Robinson

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© Reuters. Germany’s Chancellor Olaf Scholz is in London for an Emergency European Union Summit (EU summit) on Ukraine following Russia’s invasion of Brussels, Belgium, February 24, 2022. John Thys/Pool via REUTERS

BERLIN, (Reuters) – Russia should be excluded from SWIFT’s interbank payment system. This is the EU’s second sanction package for Russia. The EU leaders will discuss it at a Brussels meeting on Thursday.

Scholz stated that “it is important that we agree upon those measures that are prepared” and that everything else should be kept for the event where necessary.

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