US, Allies Agree Cutting Russia Out Of Global Payment System SWIFT

US, Allies Agree Cutting Russia Out Of Global Payment System SWIFT

This may even finish the “golden passports” for rich Russians, a press release stated.

Berlin:

Germany and its Western allies agreed to chop Russia out of the SWIFT international fee system, a spokesperson for the German authorities stated on Saturday, in a 3rd sanctions bundle geared toward halting Russia’s invasion of Ukraine.

The sanctions, agreed with the USA, France, Canada, Italy, Nice Britain and the European Fee additionally embody limiting the power of Russia’s central financial institution to help the rouble.

This may even finish the “golden passports” for rich Russians and their households and can goal people and establishments in Russia and elsewhere that helps the warfare in opposition to Ukraine, the spokesperson stated.

“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.

(Apart from the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)

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