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EU Commission to remove Russian banks from SWIFT cross-border network -Breaking

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European Commission has announced that a few Russian banks will be removed from the Society for Worldwide Interbank Financial Telecommunication. (SWIFT), messaging system, aimed at hindering Russia’s capacity to carry out cross-border payments.

In a joint statement PublishedThe European Commission highlighted the common interest of the leaders from France and Germany as well as Italy, Canada, Canada and the United States in protecting Ukraine against the Russian war.