Express
US, EU Governments Pledge to Remove 'Selected' Russian Banks from SWIFT
Summary: The United States and the European Union have announced a plan to cut out a group of as-yet-to-be-named Russian banks from the international payments messaging system SWIFT. The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, is a messaging network for payment orders that connects thousands of financial institutions worldwide. In its statement, the group ...
The United States and the European Union have announced a plan to cut out a group of as-yet-to-be-named Russian banks from the international payments messaging system SWIFT. The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, is a messaging network for payment orders that connects thousands of financial institutions worldwide.
In its statement, the group said that "we commit to ensuring that selected Russian banks are removed from the SWIFT messaging system. This will ensure that these banks are disconnected from the international financial system and harm their ability to operate globally."
By Amy Liu
Tags: Banks,Russian,SWIFT,US
Link: US, EU Governments Pledge to Remove 'Selected' Russian Banks from SWIFT [Copy]
