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Cutting Russia off from SWIFT a “matter of days” -euro zone central banker -Breaking

by Mike Robinson

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© Reuters. In this illustration, taken in Bosnia and Herzegovina on February 25, 2022, the Swift logo appears on both Russian and Ukrainian flag colors. REUTERS/Dado Ruvic/Illustration

PARIS (Reuters – Russia will not be allowed to use the SWIFT international payment system for a few days. That was the statement of the governor of a European central bank, which was made available to Reuters by a spokesperson.

According to the Central Bank Governor, “SWIFT takes very little time and can be done in a few days.” The governor declined to identify himself.

Is this enough? No. It is not necessary. Absolutely. Sanctions can only be justified if there is a cost for each side, which will likely prove expensive,” the central banker said.

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