BREAKING NEWS
This content is not available in your region

EU says SWIFT decision on Iran banks regrettable

EU says SWIFT decision on Iran banks regrettable
FILE PHOTO - A man using a mobile phone passes the logo of global secure financial messaging services cooperative SWIFT at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren   -   Copyright  Chris Helgren(Reuters)
Text size Aa Aa

BRUSSELS (Reuters) – The European Commission said on Wednesday it found regrettable the decision by the Belgium-based SWIFT financial messaging service to suspend some unspecified Iranian banks’ access to it.

“We find this decision rather … regrettable,” Commission foreign affairs spokeswoman Maja Kocijancic told a briefing.

In a statement on Monday, SWIFT said that suspending the Iranian banks access to the messaging system was “taken in the interest of the stability and integrity of the wider global financial system.”

(Reporting By Francesco Guarascio, writing by Jan Strupczewski)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.