White House denies report saying Russia's disconnection from SWIFT ruled out

White House denies report saying Russia's disconnection from SWIFT ruled out

The White House has denied a report saying that the US and EU have abandoned their plans to disconnect Russia from the SWIFT system as part of restrictive measures that would be imposed if Russia invades Ukraine.

The US does not rule out such a possibility, a spokesperson for the White House National Security Council said, quoted by the presidential pool.

He added that Washington has remained in close contact with its European colleagues concerning possible grave consequences for Russia should it invade Ukraine.

This comes after earlier on Monday, Handelsblatt reported, citing German government sources, that the West was no longer opting for blocking Russia from SWIFT and was mulling economic sanctions against major Russian banks as an alternative.

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