https://www.cnn.com/2022/02/26/politics/biden-ukraine-russia-swift/index.html EU nations announce expulsion of selected Russian banks from SWIFT
France, Germany, Italy, the United Kingdom and Canada, announced Saturday evening that they would expel certain Russian banks from SWIFT, the high-security network that connects thousands of financial institutions
around the world, pledging to "collectively ensure that this war is a
strategic failure for (Russian President Vladimir) Putin."
The statement still leaves the actual technical details -- and the specific Russian lenders that will be cut off from SWIFT -- unclear, with US and EU officials still in the midst of hammering out the final details of the
action.
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