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Economics & Business News

SWIFT is preparing to shut down a number of Russian banks

The global interbank system for information transfer and payments SWIFT appealed to European countries that decided to disconnect some Russian banks from it. It is reported by RIA Novosti with reference to the NBC channel.

“We are working with European authorities to find out details about the entities that will be affected by the new measures and are preparing to implement them by legal order,” SWIFT said.

Earlier, the German government announced the disconnection of Russian banks from SWIFT, which had already been sanctioned.

After that, the President of the European Commission, Ursula von der Leyen, said that she would invite the leaders of the EU countries to consider a ban on Russian financial organizations from using the SWIFT international payment system.

All these restrictions are related to a special operation carried out in Ukraine by the Russian armed forces. On February 24, Russian President Vladimir Putin announced the start of hostilities. Kyiv, in response, severed diplomatic relations with Moscow, introduced martial law and announced a general mobilization.

SWIFT is preparing to shut down a number of Russian banks