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Germany and Western allies agree cutting Russia out of SWIFT

Published 02/26/2022, 05:23 PM
Updated 02/26/2022, 05:25 PM
© Reuters. FILE PHOTO: Swift logo is seen in this illustration taken, Bosnia and Herzegovina, February 25, 2022. REUTERS/Dado Ruvic/Illustration

BERLIN (Reuters) - Germany and its Western allies agreed to cut Russia out of the SWIFT global payment system, a spokesperson for the German government said on Saturday, in a third sanctions package aimed at halting Russia's invasion of Ukraine.

The sanctions, agreed with the United States, France, Canada, Italy, Great Britain and the European Commission also include limiting the ability of Russia's central bank to support the rouble.

The will also end the "golden passports" for wealthy Russians and their families and will target individuals and institutions in Russia and elsewhere that supports the war against Ukraine, the spokesperson said.

"The countries stressed their willingness to take further measures should Russia not end its attack on Ukraine and thus on the European peace order," he added.

Latest comments

say goodbye to the petrodollar and hello to bifurcated financial systems.China will gladly pick up the slack. Get ready for Cold War 2.0
say goodbye to the petrodollar and hello to bifurcated financial systems.China will gladly pick up the slack. Get ready for Cold War 2.0
Yes, the European peace order will not prevail unless Putin is stopped NOW. --- An infantile personality like Putin and Trump will always claim that they feel threatened for the purpose of enriching themselves with what they do not need. -- If Putin is not stopped now the same process will play out with Estonia, Latvia ... all the way to France and Germany. Thugs like Trump and Putin will not stop until the rug is pulled from under them. They can not self-regulate. They can not build a great nation resting on sound  and healthy fundamentals because their minds are rotten and evil to the core.
Its clear your talking about Biden,Harris,Pelosi and Putin !
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