Hours before Russia announced the withdrawal Foreign Minister Dmytro Kuleba told Reuters that European foreign ministers should meet Monday and discuss kicking Russia out of the global SWIFT payments system

Friday, April 23, 2021

. The US has kept this measure in reserve as a severe financial sanction. As of 2018, around half of all high-value cross-border payments worldwide used the SWIFT network, exchanging an average of 32 million message a day. Kuleba also said he asked Washington to supply “powerful means of electronic warfare” to counter Russia’s capacity to jam Ukrainian communications.

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