6 minutes agoSanctions against Russia, SWIFTAï is preparing to hit Russian banks
Periskopi(4 years ago)
(4 years ago)As the European Union, the United States, Britain and Canada have blocked Russian banks from interbank transactions (SW system) The IFT, the latter have come up with a statement confirming the implementation of new measures. The international bank payment system SWIFT has said it is preparing to implement the new measures of Western countries towards some banks [...]
The international bank payment system SWIFT has said it is preparing to implement Western countries' new measures towards some Russian banks.
One statement says:
We are engaged with European authorities to understand the details of subjects that will undergo new measures and are preparing to respect legal guidelines.
The move comes after the US, Canada and key European countries, including Germany, agreed to remove the Russian-elect <x0banks” from the Sif payment system.
The decision is expected to have a significant impact on Russia and beyond. Sergei Aleksashenko, a former deputy head of Russia's central banks, said that “would have a catastrophe” on the Russian currency market Monday.
I think they'll stop trading and then the exchange rate will be fixed to an artificial level just as in Soviet times,” he added.
