“We are interacting with the European authorities to find out details about the organizations to which the new measures will apply, and we are preparing to implement them by legal order,” RIA Novosti quotes a SWIFT statement.
The German Cabinet, following the results of negotiations between Western leaders, previously stated that Russian banks that fell under the sanctions of the international community, and, if necessary, other credit organizations from Russia, would be excluded from the international SWIFT system.
The statement said that these measures are aimed at isolating Russian institutions from international financial flows in order to limit their global activities.
In addition, the US, EU, UK and Canada have agreed to introduce restrictive measures against the Central Bank of Russia.