Russia’s cut from the global SWIFT interbank payment system after invasion of Ukraine Britain calls on Ben Wallace’s Secretary of Defense, while France calls the move a “last resort”.
“We would like to go further, we would like to make the SWIFT system the financial system that allows Russians to transfer money around the world to receive payments for their gas but you know, like so many things, these are international organizations and not “Every country wants to throw them out of SWIFT, it gets difficult,” Wallace told the BBC.
This is a “last resort”, France replies
The French Minister of Finance Bruno Lemer He said today, according to the Athens News Agency, that the option of cutting Russia off from the global SWIFT interbank payment system remains open, but that he considers it only a “last resort”.
The United States and the European Union have decided not to cut Russia off from SWIFT in the face of tougher sanctions over its invasion of Ukraine.. But they can come back to that, US President Joe Biden said yesterday.
“SWIFT is absolutely the last resort, but it is one of the options that remain on the table,” Lemerre told reporters ahead of a meeting of eurozone finance ministers in Paris.
Ahead of the same meeting, German Finance Minister Christian Lindner stated that “All options are on the table” in addition to those already agreed. “The first sanctions were imposed on Russia and will hurt the Russian people and create serious obstacles for the Russian economy,” he said.
Source: News Beast
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
