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German Fin Min Open To Cutting Russia From SWIFT But Only If Thought Through

EU

Speaking after EU finance ministers meeting, German Finance Minister Christian Lindner states that Germany is "open" to the prospect of cutting Russia off from the SWIFT system, but that the EU must think through all the implications of doing so first, adding that "You have to know what you're doing."

  • Comments on SWIFT from EU ministers and leaders have been very back-and-forth today, with some hinting that a deal on cutting Russia off is close at hand and being discussed, while others (notably German ministers) have sought to downplay the importance/raise the risks of doing so.
  • Comes after Council of Europe (the 47-member human rights, democracy, and rule of law group, not the European Council that is formed by EU member state leaders) voted to suspend (but not expel) Russia from the group.
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