Now playing Next Money Russia's Central Bank scrambles to deal with sanctions, falling rouble Russian central bank scrambles to contain fallout of sanctions 28/02/2022
Now playing Next Ukraine Russian banks to be cut off from SWIFT payments system, says EU chief The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a high-security intermediary system that allows banks and institutions around the world to carry out financial transactions – that is, ordinary payments – among each other. 26/02/2022
Now playing Next Ukraine Let Ukraine rapidly join the EU, says Zelenskyy In a defiant and emotional public address on Saturday, the Ukrainian president asked for "courage" from the international community in deciding to block Moscow's access to global financial transactions. 26/02/2022
Now playing Next Europe News What is SWIFT and why is expelling Russia a 'last resort'? A third package of EU sanctions could see Russia cut off from the international payment system, a radical move that would also hit the bloc. 25/02/2022