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Some EU Countries Reject Proposal to Shut Russia Out of SWIFT

RUSSIA
  • "The discussed shutdown of Russia from the international Swift payment system has been rejected by some EU countries."
  • "Biden's national security adviser Jake Sullivan acknowledged that the US and EU "are not yet in full agreement". The designated CDU chairman Friedrich Merz recently warned against excluding Russia from Swift.
  • "Questioning Swift could be the atomic bomb for the capital markets." He warned of "massive economic setbacks" for Germany as well."
    https://www.handelsblatt.com/politik/truppenaufmar...
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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