EU unlikely to cut Russia off SWIFT for now – Reuters

Dhwani Mehta FXStreet

“Urgency and consensus are an utmost priority at the moment.” “At this stage it meant no move on SWIFT, because doing so would have such wide-ranging consequences, also in Europe, Reuters reported, citing an EU diplomat.

“We know that cutting Russia off from SWIFT is the 'nuclear option' - appears some EU politicians want to keep hold of that card for now, the EU official added.

Read: EUR/USD meets some support near 1.1200, looks to geopolitics

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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