Germany and Western allies agree cutting Russia out of SWIFT


  • World
  • Sunday, 27 Feb 2022

FILE PHOTO: Swift logo is seen in this illustration taken, Bosnia and Herzegovina, February 25, 2022. REUTERS/Dado Ruvic/Illustration

BERLIN (Reuters) - Germany and its Western allies agreed to cut Russia out of the SWIFT global payment system, a spokesperson for the German government said on Saturday, in a third sanctions package aimed at halting Russia's invasion of Ukraine.

The sanctions, agreed with the United States, France, Canada, Italy, Great Britain and the European Commission also include limiting the ability of Russia's central bank to support the rouble.

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