G7 to cut some Russian banks from SWIFT

G7 to cut some Russian banks from SWIFT

Group of Seven (G7) leaders said that western allies had decided to cut off “certain Russian banks” from the worldwide interbanking communication system called SWIFT.

The statement, in a joint declaration published by the French presidency, did not specify which Russian banks would be affected. It added a transatlantic task force will soon be put in place to coordinate sanctions against Russia. 

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