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

Published 02/26/2022, 04:39 AM
Updated 02/26/2022, 04:40 AM
© Reuters. Swift logo is placed on a Russian flag are seen in this illustration taken, Bosnia and Herzegovina, February 25, 2022. REUTERS/Dado Ruvic/Illustration

VILNIUS (Reuters) - 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.

"Our goal is that the decision is taken as early as possible. I cannot give a particular date. From what I'm hearing it seems that there is no strong opposition left," Simonyte told a news conference in Vilnius.

Canada, the United States, Britain and the European Union on Friday said they could act to exclude Russia from SWIFT in a further round of sanctions aimed at halting Russia's invasion of Ukraine.

Latest comments

Money can b transfer to a third country (carib, middle east, china,etc) then from the third country banks to their branches in Russia, then to Russians banks. No way the west can track those transactions
Lets gooo
If Europe can't pay Russian for their Gas, Petrol and other Major Resources including Wheat there will be no supply. the Global Inflation will accelerate.......
Battles are not without casualites on either side. But we must not be still and watch the advance of tyrants or we're next
They can't
they can if they want.
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