Cutting Russia off from SWIFT a 'matter of days': Euro zone central banker
"SWIFT is just a matter of time, very short time, days," the central bank governor, who asked not to be named, said.
- Feb 26, 2022,
- Updated Feb 26, 2022 7:11 PM IST
A decision to cut Russia off from the global SWIFT payment system will be taken in a matter of days, the governor of a central bank within the euro zone told Reuters on Saturday.
"SWIFT is just a matter of time, very short time, days," the central bank governor, who asked not to be named, said.
"Is it sufficient? No. Is it necessary? Absolutely. Sanctions only make sense if there are costs for both sides and this will be costly," the central banker added.
Also read: Ukraine crisis: Curfew extended as Russian troops press on Kyiv
Also read: Spoke to PM Modi, urged India to support us in UNSC: Ukraine's Zelenskyy
A decision to cut Russia off from the global SWIFT payment system will be taken in a matter of days, the governor of a central bank within the euro zone told Reuters on Saturday.
"SWIFT is just a matter of time, very short time, days," the central bank governor, who asked not to be named, said.
"Is it sufficient? No. Is it necessary? Absolutely. Sanctions only make sense if there are costs for both sides and this will be costly," the central banker added.
Also read: Ukraine crisis: Curfew extended as Russian troops press on Kyiv
Also read: Spoke to PM Modi, urged India to support us in UNSC: Ukraine's Zelenskyy