US, EU Expel Russian Banks from "SWIFT" Interbank System

German government spokesman Stephen Hepstreet announced that a number of European countries and the United States had agreed to separate some Russian banks from the SWIFT global system for interbank transactions.

"Germany, Britain, Italy, Canada, the United States, France and the European Commission have agreed to tough new financial sanctions against Russia, including the separation of some Russian banks from the SWIFT system," he said.

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He added, "It was decided to separate all Russian banks that have been sanctioned by the international community, and if necessary, other Russian banks will be separated from SWIFT."

He pointed out that "Western partners decided to limit the ability of the Russian Central Bank to support the ruble exchange rate through international financial transactions."

For her part, European Commission President Ursula von der Leyen said that "the European Union countries, along with their partners, intend to separate some Russian banks from the SWIFT system."

On its part, "SWIFT" announced that it is preparing to implement a decision by Western allies to impose sanctions on Russian banks after a "legal order", against the background of the Russian military operation in Ukraine.