Post by Admin on Feb 27, 2022 2:24:01 GMT
U.S., UK, Europe, Canada to block Russian access to SWIFT
5,250 views • Feb 27, 2022 • Germany, the United States, France, Canada, Italy, Great Britain and the European Commission agreed to cut Russia out of the SWIFT global payment system and include limiting the ability of Russia's central bank to support the rouble.
The White House said on Friday that removing Russia from the SWIFT international banking system, if it decides to invade Ukraine, is not part of the first sanctions package the Biden administration would impose.
“All options remain on the table. But it’s probably not going to be the case that you’ll see SWIFT in the initial roll out package,” Daleep Singh, a deputy national security adviser, told reporters.
“We have other severe measures we can take that our allies and partners are ready to take in lockstep with us, and that don’t have the same spillover effects. But we always will monitor these options and we’ll revise our judgements as time goes on,” he added.