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Ukraine urges countries to cut Russia off from SWIFT payments system -Breaking

by Mike Robinson

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KYIV, Reuters – The Ukrainian foreign minister called on countries Thursday to remove Russia from SWIFT’s global interbank payments network. It is one the harshest non-military sanctions imposed by the West – to punish Moscow because it sent troops to Ukraine.

Senior officials stated that the European Union will place new sanctions against Russia. They plan to freeze its assets and stop its banks from accessing European financial markets. The EU leaders also intend to target “Kremlin interest” for its invasion of Ukraine. However, it is not likely to cut Russia off SWIFT at this point.

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