Banning Russia From SWIFT Back in Play

“The U.S. is seriously considering whether to seek Russia’s expulsion from the SWIFT financial messaging system over the Ukraine invasion as allies in Europe warm to the idea of imposing a penalty that seemed unlikely just days ago,“ Bloomberg reports.

“Biden administration officials are now debating whether to push for a directive from the European Union needed to ban Russia from SWIFT, though a U.S. and EU decision is not imminent.”