Momentum grows to ban Russia from SWIFT payment system


  • World
  • Saturday, 26 Feb 2022

Swift logo is placed on a Russian flag are seen in this illustration taken, Bosnia and Herzegovina, February 25, 2022. REUTERS/Dado Ruvic/Illustration

WASHINGTON (Reuters) - Canada, the United States, Britain and the European Union on Friday said they could act to exclude Russia from the SWIFT global interbank payments system in a further round of sanctions aimed at halting Russia's invasion of Ukraine.

Such a move could happen in coming days after officials in two European countries that had voiced reservations - Germany and Italy - softened their opposition against kicking Russia out of the world's main international payments network, U.S. and European officials said.

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