This content is not available in your region

G7 says West to cut some Russian banks from SWIFT

Access to the comments Comments
By Reuters
G7 says West to cut some Russian banks from SWIFT
G7 says West to cut some Russian banks from SWIFT   -   Copyright  Thomson Reuters 2022

PARIS – Group of Seven (G7) leaders said on Sunday that western allies had decided to cut off “certain Russian banks” from the worldwide interbanking communication system called SWIFT.

The statement, in a joint declaration published by the French presidency, did not specify which Russian banks would be affected. It added a transatlantic task force will soon be put in place to coordinate sanctions against Russia.