EU to Consider Ousting Russia From SWIFT, Gentiloni Says
Published Date: 2/25/2022
Source: Bloomberg Markets and Finance
European Union Commissioner for the Economy Paolo Gentiloni says the EU and ECB will hold talks within days to consider disconnecting Russia from SWIFT, the dominant messaging system behind global payments. "We are considering also the possibility to use this tool, but this needs a little bit more of looking in-depth," he said on "Bloomberg Markets: European Close."