US, UK, Europe, Canada to block Russian access to SWIFT - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The United States, Britain, Europe and Canada on Saturday moved to block Russia’s access to the SWIFT international payment system as part of another round of sanctions against Moscow as it continues its assault against Ukraine.

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The measures, which will also include restriction on the Russian central bank’s international reserves, will be implemented in the coming days, the nations said in a joint statement. “This will ensure that these banks are disconnected from the international financial system and harm their ability to operate globally.”

She said allies would stop Russia from “using its war chest,” paralysing the assets of its central bank, freezing its transactions and making it impossible for the central bank to liquidate its assets.

 

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It already has a better system than swift which includes China and they wont block that what a useless move

No one blocked US accounts or imposed sanctions on American leaders when they were killing innocent civilians in Afghanistan and some parts of the Middle East in their pursuit of Bin Laden and his allies. Talk about hypocrisy.

Do not only rely on Reuters or Western media. This here shows why this would not happen anytime soon

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