'More Russian Banks' to Leave SWIFT Network: EU
Desk Report
Published: 03 May 2022, 08:56 pm
The logo of global secure financial messaging services cooperative SWIFT is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017 || Reuters Photo
A fresh European Union sanctions package over Russia's invasion of Ukraine is set to include "more Russian banks" being pushed out of the global SWIFT network, the bloc's top diplomat Josep Borrell said Monday, reports AFP.
"In the banking sector, there will be more Russian banks that will leave SWIFT," the global banking communications system, Borrell said during a visit to Panama.