Mon, Dec 23, 2024 | Jumada al-Aakhirah 22, 1446 | DXB ktweather icon0°C

Ukraine crisis: SWIFT says it is preparing to comply with curbs on Russian banks

'We are engaging with European authorities to understand the details of the entities that will be subject to the new measure'

Published: Sun 27 Feb 2022, 7:33 AM

  • By
  • Reuters

Top Stories

Reuters

Reuters

The SWIFT international payments system said on Saturday it was preparing to implement Western nations' new measures targeting certain Russian banks in coming days.

"We are engaging with European authorities to understand the details of the entities that will be subject to the new measures and we are preparing to comply upon legal instruction," it said in a statement.

ALSO READ:



Next Story