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The Latest Breaking News from SWIFT

US, European allies bar Russian banks from critical SWIFT banking network

WASHINGTON — The U.S. and its European allies agreed Saturday to bar some Russian banks from the SWIFT international network and to sanction its central bank, ratcheting up the West’s response to Moscow’s intensifying and unprovoked war against Ukraine.

Los Angeles Times

US, UK, Europe and Canada to block Swift access for some Russian banks

Partial ejection from global payment system expected in days as part of new sanctions against Moscow

The Guardian - UK

U.S., UK, Europe, Canada to block Russian access to SWIFT

The United States, Britain, Europe and Canada on Saturday moved to block Russia's access to the SWIFT international payment system as part of another round of sanctions against Moscow as it continues its assault against Ukraine.

Reuters

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US and allies are close to putting financial choke on Russia

Western nations are set to enact drastic new sanctions that would cripple Russia’s economy and financial system after initial penalties failed to convince President Vladimir Putin from pulling out of Ukraine.

Tribune News Service

U.S., UK, Europe, Canada to block Russian access to SWIFT - statement

Reuters

Explainer-A SWIFT primer as West moves to freeze Russia out of international payments

The European Union, along with the United States and other Western partners, has announced further sanctions on Russia for its invasion of Ukraine, including cutting off a number of Russian banks from the SWIFT interbank payments system.

Reuters

Germany and Western allies agree cutting Russia out of SWIFT

Germany and its Western allies agreed to cut Russia out of the SWIFT global payment system, a spokesperson for the German government said on Saturday, in a third sanctions package aimed at halting Russia's invasion of Ukraine.

Reuters

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US and EU ban Russian banks from Swift system in latest sanction

High-security banking system connects thousands of financial institutions around the world

The Independent UK

Western allies agree to expel some Russian banks from SWIFT payments system

The Western nations also agreed to impose restrictions on Russia’s Central Bank.

Axios

U.S., allies target 'fortress Russia' with new sanctions, including SWIFT ban

The United States and its allies on Saturday moved to block certain Russian banks' access to the SWIFT international payment system in further punishment of Moscow as it continues its military assault against Ukraine.

Reuters

Latest Russia-Ukraine updates: Kyiv to hold talks with Moscow

Ukraine news from February 27: Putin puts Russia’s nuclear forces on high alert as Kyiv agrees to talks.

Al Jazeera

UK PM Johnson says pressure building to cut Russia off from SWIFT

British Prime Minister Boris Johnson said on Saturday that the world should cut Russia off from the global SWIFT payments system and said more countries supported such a move.

Reuters

Germany makes historic shift on weapons policy to ship Ukraine arms

BERLIN — Germany upended years of policy and agreed to supply Kyiv with weapons and consider ways to shut out Russia from the SWIFT financial messaging system, signaling the depth of outrage in Berlin at Russian President Vladimir Putin’s invasion of Ukraine.

Tribune News Service

In a major shift, Germany will send weapons to Ukraine

In a significant shift, the German government said Saturday it will send weapons and other supplies directly to Ukraine and supports some restrictions of the SWIFT global banking system for Russia

The Independent UK

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Axios

Zelensky's latest video message to Ukrainians: "We will fight as long as it takes"

Zelensky also suggested western allies were prepared to cut off Russia from the SWIFT international payments system.

Reuters

Germany softens stance on curbing Russian access to SWIFT

Germany changed its position on Saturday about imposing restrictions on Russia's access to the SWIFT global interbank payment system, joining other Western powers in support of harsher sanctions aimed at halting Russia's invasion of Ukraine.

The Guardian - UK

Swift: EU leaders line up to back banning Russia from banking network

France, Italy, Greece, Cyprus, Spain and Hungary express support for financial measure pursued by UK

Reuters

France in favour of cutting off Russia from SWIFT - Ukrainian minister

Ukrainian Foreign Minister Dmytro Kuleba said on Saturday French Foreign Minister Jean-Yves Le Drian had supported cutting off Russia from the global SWIFT payment system in a phone conversation with him.

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Reuters

West moves closer to cutting Russia's SWIFT access, says Lithuania

Western partners are moving closer to halting Russia's access to the SWIFT global interbank payments system, Lithuanian Prime Minister Ingrida Simonyte said on Saturday.

ABC News

Western sanctions target Vladimir Putin and Russian oligarchs over Ukraine invasion

The US, UK and EU are now directly targeting the Russian leader with sanctions, while Australia targets eight of the country's oligarchs.

Reuters

Western allies to expel key Russian banks from global system; Ukraine vows to fight on

Western allies announced sweeping new sanctions against Moscow on Saturday, including kicking key Russian banks off the main global payments system, as a defiant President Volodymyr Zelenskiy said Ukrainian forces were repelling Russian troops advancing on Kyiv.

Reuters

Momentum grows to ban Russia from SWIFT payment system

Canada, the United States, Britain and the European Union on Friday said they could act to exclude Russia from the SWIFT global interbank payments system in a further round of sanctions aimed at halting Russia's invasion of Ukraine.

Tribune News Service

Wall Street counsels Washington against kicking Russia off SWIFT

Some of Wall Street’s largest banks told lawmakers and the Biden administration that kicking Russia off the SWIFT financial-messaging system would have far-reaching fallout that could hurt the global economy and undermine the purpose of the penalties, people familiar with the matter said.

The Conversation

US-EU sanctions will pummel the Russian economy – two experts explain why they are likely to stick and sting

The Biden administration, in extraordinary and rapid cooperation with allies over a period of three days, has doubled down on its vow to impose “severe sanctions” against Russia for its military aggression against Ukraine.

Reuters

Explainer-How the U.S. could tighten sanctions on Russia

The United States on Thursday imposed sanctions on Russia in retaliation for its invasion of Ukraine, targeting major banks and members of the elite coupled with new export control measures.

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