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SWIFT says it making ready to be conscious curbs on Russian banks

Economy5 hours ago (Feb 26, 2022 10: 16PM ET)

© Reuters. Swift emblem is positioned on a Russian flag are seen on this illustration taken, Bosnia and Herzegovina, February 25, 2022. REUTERS/Dado Ruvic/Illustration

WASHINGTON (Reuters) – The SWIFT global funds system said on Saturday it turned into once making ready to place into effect Western nations’ unique measures focusing on sure Russian banks in coming days.

“We’re enticing with European authorities to know the valuable substances of the entities that shall be topic to the unique measures and we are making ready to comply upon correct instruction,” it said in an announcement.

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