Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Cutting Russia off from SWIFT a "matter of days" -euro zone central banker

Published 02/26/2022, 05:03 AM
Updated 02/26/2022, 05:05 AM
© Reuters. Swift logo is placed on Ukrainian's and Russian's flag colors in this illustration taken, Bosnia and Herzegovina, February 25, 2022. REUTERS/Dado Ruvic/Illustration

PARIS (Reuters) - A decision to cut Russia off from the global SWIFT payment system will be taken in a matter of days, the governor of a central bank within the euro zone told Reuters on Saturday.

"SWIFT is just a matter of time, very short time, days," the central bank governor, who asked not to be named, said.

"Is it sufficient? No. Is it necessary? Absolutely. Sanctions only make sense if there are costs for both sides and this will be costly," the central banker added.

Latest comments

sanctions only make sense if there are costs for Both sides!?!!!!!!?! smile you are on candid camera
this will increase inflation.
Its time. Freeze all Russian foreign assets.Anything close to elites. Real estate, accounts anywhere in the world. Cut them from Swift right away.
no more sanctions, the world needs to neutralize the enemy. but I get it, we are up against an unstable psychopath with nukes so it is difficult but somehow I feel like there needs to be a measured military response from the world to at least slow/stop the advance
About time, do it
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.