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The Latest Breaking News from SWIFT

Germany softens stance on curbing Russian access to SWIFT

Germany changed its position on Saturday about imposing restrictions on Russia's access to the SWIFT global interbank payment system, joining other Western powers in support of harsher sanctions aimed at halting Russia's invasion of Ukraine.

Reuters

Swift: EU leaders line up to back banning Russia from banking network

France, Italy, Greece, Cyprus, Spain and Hungary express support for financial measure pursued by UK

The Guardian - UK

France in favour of cutting off Russia from SWIFT - Ukrainian minister

Ukrainian Foreign Minister Dmytro Kuleba said on Saturday French Foreign Minister Jean-Yves Le Drian had supported cutting off Russia from the global SWIFT payment system in a phone conversation with him.

Reuters

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West moves closer to cutting Russia's SWIFT access, says Lithuania

Western partners are moving closer to halting Russia's access to the SWIFT global interbank payments system, Lithuanian Prime Minister Ingrida Simonyte said on Saturday.

Reuters

Western sanctions target Vladimir Putin and Russian oligarchs over Ukraine invasion

The US, UK and EU are now directly targeting the Russian leader with sanctions, while Australia targets eight of the country's oligarchs.

ABC News

Western allies to expel key Russian banks from global system; Ukraine vows to fight on

Western allies announced sweeping new sanctions against Moscow on Saturday, including kicking key Russian banks off the main global payments system, as a defiant President Volodymyr Zelenskiy said Ukrainian forces were repelling Russian troops advancing on Kyiv.

Reuters

Momentum grows to ban Russia from SWIFT payment system

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.

Reuters

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Wall Street counsels Washington against kicking Russia off SWIFT

Some of Wall Street’s largest banks told lawmakers and the Biden administration that kicking Russia off the SWIFT financial-messaging system would have far-reaching fallout that could hurt the global economy and undermine the purpose of the penalties, people familiar with the matter said.

Tribune News Service

US-EU sanctions will pummel the Russian economy – two experts explain why they are likely to stick and sting

The Biden administration, in extraordinary and rapid cooperation with allies over a period of three days, has doubled down on its vow to impose “severe sanctions” against Russia for its military aggression against Ukraine.

The Conversation

Explainer-How the U.S. could tighten sanctions on Russia

The United States on Thursday imposed sanctions on Russia in retaliation for its invasion of Ukraine, targeting major banks and members of the elite coupled with new export control measures.

Reuters

Latest Russia-Ukraine updates: Battles rage for Ukraine’s cities

Ukraine news from February 26: UN says internal displacement also growing as Ukraine forces battle all-round assault.

Al Jazeera

EU could cut Russia off from SWIFT system, senior official says

The European Union could exclude Russia from the SWIFT global interbank payments system in a fresh round of sanctions, European Parliament President Roberta Metsola said on Friday.

Reuters

Bank sanctions are a sharper sword than cutting Russia off SWIFT, German minister says

The package of banking sanctions that the European Union is imposing will hit Russian President Vladimir Putin's government harder than excluding Russia from the SWIFT payments system, German Foreign Minister Annalena Baerbock said.

Reuters

Ukrainian politician breaks down live on air begging the US to ‘please save our people’

Halyna Yanchenko broke down in tears during an emotional interview with CBS as she called on the global community to ‘be courageous’ against Russia

The Independent UK

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Reuters

Italy open to banning Russia from SWIFT system -foreign minister

Italy would not veto proposals to ban Russia from the SWIFT global interbank payment system, Italian Foreign Minister Luigi Di Maio said on Friday.

Daily Record

Boris Johnson sanctions Vladimir Putin as Russian forces target Ukraine President in Kyiv

The UK and the EU issued personal sanctions against the Russian President as western intelligence said Ukraine's 'strong resistance' to invasion left them targeting the Ukraine president to force a swift surrender.

Al Jazeera

EU to freeze Putin, foreign minister assets over Ukraine attack

The EU foreign ministers approve sanctions described as the harshest ever imposed by the bloc.

Reuters

UK calls on NATO leaders to use SWIFT payments system to hurt Russia

British Prime Minister Boris Johnson called on leaders of NATO member countries on Friday to use the SWIFT international payments system to damage Russian President Vladimir Putin and members of his government.

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Al Jazeera

List of sanctions against Russia after it invaded Ukraine

US, EU, and UK are among those imposing sanctions on Russia after its attack on Ukraine.

Evening Standard

Why Boris Johnson wants Russia ejected from SWIFT and what it could mean for the world

‘It would have a massive economic impact on Russia but it also would have a massive international impact. It’s not something you could do a snap decision on’

Al Jazeera

What is SWIFT and why were some Russian banks excluded from it?

Disconnecting Russia from the SWIFT payment system could cripple its ability to trade with most of the world.

Daily Mirror

Russia 'pretend' sanctions spark claims of 'disgrace' as Ukraine demands tougher action

Former EU chief Donald Tusk said countries like Germany had 'disgraced themselves' after Britain, the US and EU all announced sanctions on Russia - but failed to ban Moscow from using the SWIFT bank system

Asharq Al-Awsat

Biden and Europe Waiting on One Key Sanction against Russia

US and European officials are holding one key financial sanction against Russia in reserve, choosing not to boot Russia off SWIFT, the dominant system for global financial transactions. The Russian invasion of Ukraine caused a barrage of new financial sanctions Thursday. The sanctions are meant to isolate, punish and impoverish…

The Guardian - UK

UK politics live: Boris Johnson imposes sanctions against Putin and Lavrov – as it happened

Latest updates: PM also urges leaders to take ‘immediate action’ to ban Russia from Swift payment system; sending Nato forces to Ukraine would risk leading to ‘existential’ threat, says minister

ABC News

Why is booting Russia off SWIFT the one key sanction the US and Europe are still holding back on?

US and European officials are holding one key financial sanction against Russia in reserve, choosing not to boot Russia off SWIFT, the dominant system for global financial transactions.

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