Wednesday, Jul 8, 2020
International Finance

Tag : inter-bank

Banking

Ukraine conflict: UK wants SWIFT punishment for Russian banks

SWIFT is a crucial real-time gross payment system for cross-border transactions September 2, 2014: The UK will press EU leaders to consider blocking Russian access to the SWIFT (Society for Worldwide Interbank Financial Telecommunications) banking transaction system under an expansion of sanctions over the conflict in Ukraine, Bloomberg reported on Friday, August 29, citing an...