U.S., EU drop idea of removing Russia from international payments system, report says

Many countries are opposed to cutting Russia off from the Swift system, but the option is not yet completely off the table, according to an EU diplomat who declined to be named Monday discussing confidential talks. Foto: AP/Alexander Semljanisjenko

The U.S. and the European Union are no longer considering the option of unplugging Russia from the Swift international payments system if it attacks Ukraine, Handelsblatt reported, citing unidentified people familiar with the issue.

Nations involved believe that excluding Russia could destabilize financial markets in the short term and would help develop an alternative, non-Western dominated infrastructure, the German newspaper said...

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