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Germany in favour of ‘targeted and functional’ SWIFT curbs on Russia

by Mike Robinson

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© Reuters. FILEPHOTO: German Foreign Ministry Annalena Baubock informs media about a meeting at Berlin’s Foreign Ministry on February 24, 2022 of the German Government’s Crisis unit. Markus Schreiber/Pool via REUTERS

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BERLIN, (Reuters) – Germany said Saturday that it is open to imposing “targeted and operational” restrictions on Russia through the SWIFT international interbank payments system.

“We urgently work on ways to minimize the collateral harm of SWIFT decoupling in a manner that affects only the right people.” In a joint statement, Annalena Bock (Foreign Minister) and Robert Habeck (Economy Minister), stated that we require a focused and functional restriction on SWIFT.

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