US, EU considering final decision on Russia SWIFT ban – media

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Meanwhile, Ukraine says preparations already underway to expel Russia from global banking network.

US President Joe Biden is “seriously weighing” support for suspending key Russian banks and financial entities from the SWIFT network, CNN reported on Saturday. Though such a move would also require the support of the EU, whose members have not yet officially announced a final decision on it, Ukraine’s foreign minister claims “technical preparation for the decision” has already begun.

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