Arab Today, arab today russias exclusion from swift last resort
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Russia's exclusion from SWIFT last resort

Arab Today, arab today

Arab Today, arab today Russia's exclusion from SWIFT last resort

Britain's Foreign Secretary Philip Hammond (L) and Polish FM Grzegorz Schetyna
Warsaw - AFP

Excluding Russia from the SWIFT banking system would be a measure of last resort if the crisis in Ukraine escalates, the British and Polish foreign ministers said Friday.
"When it comes to sanctions, SWIFT is the nuclear weapon. It is the last resort and we are all aware of that," Polish Foreign Minister Grzegorz Schetyna said at a joint press conference in Warsaw with British counterpart Philip Hammond.
Russia last month said it would retaliate strongly if it were to be cut off from SWIFT, the global financial industry's secure messaging system to facilitate transactions.
"To be clear, this would be a very extreme sanction measure. It would have a very significant impact on the Russian economy," Hammond said, adding that discussion on the option was taking place "primarily in the US".
Western sanctions in 2012 cutting Iran off from the system for defying UN resolutions over its nuclear programme dealt a severe blow to the Islamic republic's economy.
Last year, the European Union and United States levied sanctions primarily targeting senior officials in Russian President Vladimir Putin's administration, amid fighting between pro-Russian separatists and Ukrainian government forces in the eastern regions of Ukraine bordering Russia.
EU foreign policy chief Federica Mogherini was upbeat on Friday about the sputtering so-called Minsk II ceasefire between the warring sides that the EU and Russia brokered last month.
"For sure the trend is a positive one, even if not perfect," she said in the Latvian capital Riga.
Both Ukrainian government forces and rebels claim to be withdrawing heavy weapons as called for in the truce.
But international monitors say they need greater access to their weapons inventories in order to verify the pullback.
Hammond on Friday urged the West to prepare "a whole range of potential sanctions options, so that we have maximum flexibility, maximum agility and maximum speed in reacting to any provocation, whether a breach of the Minsk implementation or whether it's a military offensive somewhere else in the Donbas region."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russias exclusion from swift last resort Arab Today, arab today russias exclusion from swift last resort

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russias exclusion from swift last resort Arab Today, arab today russias exclusion from swift last resort

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday