Investors brace for volatility as West moves to cut Russia off from SWIFT


  • World
  • Sunday, 27 Feb 2022

FILE PHOTO: A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., February 18, 2022. REUTERS/Brendan McDermid

NEW YORK/LONDON (Reuters) -Investors were preparing on Saturday for more wild gyrations in asset prices after Western nations announced a harsh set of sanctions to punish Russia for its invasion of Ukraine, including blocking some banks from the SWIFT international payments system.

New measures announced by the United States, Britain, Europe and Canada also include restrictions on the Russian central bank's international reserves. The moves will be implemented in the coming days.

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